Part V: Yes, Taxes Change Behavior

Part V: Yes, Taxes Change Behavior

Economic analysis of taxation is fairly simple and straightforward: The more you tax of something, the less you get of it. Yes, you want to focus on marginal tax rates, and yes, you want to look at “double taxation” to get effective marginal tax rates. If...
Central Bankers Dodging Blame, Part II

Central Bankers Dodging Blame, Part II

Back in 2022, I wrote a column about how major central banks had caused prices to spike by engaging in reckless monetary policy. I included charts showing massive expansions of central bank balance sheets by the U.S. Federal Reserve,...