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...
Biden’s Dumbest-Ever Tweet?

Biden’s Dumbest-Ever Tweet?

I’ve been wondering about Biden’s stupidest-ever tweet. Was it the one about corporate taxes, the one about class warfare, or the one about the deficit? The answer may be “none of the above.” That’s because this tweet about gas prices now may...
Coronavirus and Price Gouging

Coronavirus and Price Gouging

Exactly one month ago, I wrote “A Primer on Price Gouging” to explain why government-mandated price controls are an unwise response when prices for certain goods climb after a disaster. Here’s a video from Johan Norberg on the topic. And here’s Professor Michael...
The Case Against Price Controls

The Case Against Price Controls

An unfettered “price system” is a core feature of capitalism, as explained in videos from Marginal Revolution, Learn Liberty, and Russ Roberts. This video from Don Boudreaux is a great addition to that collection. What happens, though, when politicians interfere with...