A Primer on So-Called Tax Expenditures

A Primer on So-Called Tax Expenditures

At the start of the year, I wrote that so-called tax expenditures were a “boring but important issue.” Well, it’s time to once again put readers to sleep. Let’s start with a definition. A tax expenditure is basically a loophole in the tax code. And these...
Poland’s Recovery from Socialism

Poland’s Recovery from Socialism

I was surprised to learn last year that Poland’s economy has out-performed China’s economy over the past three decades. Given the way free markets out-perform statism, I should have known this would be the result. Today, let’s take a closer look at how...