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Economic Lessons Series

The Rahn Curve and the Growth-Maximizing Level of Government

The Rahn Curve and the Growth-Maximizing Level of Government

Posted on June 29, 2010

Government spending can promote economic growth if money is used for core “public goods” such as rule of law and property rights. But the burden of government spending in the United States and other industrialized nations is far higher than needed to finance such activities. Citing scholarly studies, this CF&P Foundation video examines the Rahn Curve, which graphically illustrates the negative impact of excessive government spending.

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There Are too Many Bureaucrats and They Are Paid too Much

There Are too Many Bureaucrats and They Are Paid too Much

Posted on June 1, 2010

America has too many bureaucrats and they are dramatically overpaid. This mini-documentary uses government data to show how federal, state, and local governments are in fiscal trouble in part because of excessive pay for a bloated civil service.

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Six Reasons Why the Capital Gains Tax Should Be Abolished

Six Reasons Why the Capital Gains Tax Should Be Abolished

Posted on May 3, 2010

The correct capital gains tax rate is zero because there should be no double taxation of income that is saved and invested. This is why all pro-growth tax reform plans, such as the flat tax and national sales tax, eliminate the capital gains tax. Unfortunately, the President wants to boost the official capital gains tax rate to 20 percent, and that is in addition to the higher tax rate on capital gains included in the government-run healthcare legislation.

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The Flat Tax: How it Works and Why it is Good for America

The Flat Tax: How it Works and Why it is Good for America

Posted on March 29, 2010

This Center for Freedom and Prosperity Foundation video shows how the flat tax would benefit families and businesses, and also explains how this simple and fair system would boost economic growth and eliminate the special-interest corruption of the internal revenue code.

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Making Banks Spy on Their Customers is Not Effective Crime Fighting: The Failure of Anti-Money Laundering Laws

Making Banks Spy on Their Customers is Not Effective Crime Fighting: The Failure of Anti-Money Laundering Laws

Posted on February 22, 2010

This Center for Freedom and Prosperity video examines anti-money laundering laws and finds that they are expensive and intrusive. These costs might be acceptable if the result was less crime, but this mini-documentary reveals that anti-money laundering policies are ineffective. As a former Reagan Administration official remarked, they undermine the fight against crime by misallocating law enforcement resources.

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Stimulus II: A Sequel America Can’t Afford

Stimulus II: A Sequel America Can’t Afford

Posted on January 25, 2010

Labor Department numbers show that the Obama Administration’s $787 billion “stimulus” was a flop. Instead of holding the unemployment rate at 8 percent or below, the jobless rate soared to 10 percent. Now there is discussion of second so-called stimulus, which politicians are calling a “jobs bill.” But making government bigger, the video explains, is a recipe for long-run stagnation and lower living standards, regardless of what the policy is named.

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Deficits are Bad, But the Real Problem is Spending

Deficits are Bad, But the Real Problem is Spending

Posted on December 15, 2009

Huge deficits and skyrocketing debt levels are creating considerable worry. This Center for Freedom and Prosperity video explains that that government borrowing is excessive – and will get worse in coming decades. But this mini-documentary explains that deficits and debt are merely the symptoms, and a rising burden of government spending is the real problem.

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A Red-Ink Train Wreck: The Real Fiscal Cost of Government-Run Healthcare

A Red-Ink Train Wreck: The Real Fiscal Cost of Government-Run Healthcare

Posted on November 10, 2009

This CF&P Foundation video explains why healthcare proposals in Washington will result in bloated government and higher deficits. This mini-documentary exposes the pervasive inaccuracy of congressional forecasts and succinctly lists 12 reasons why Obamacare will be a budget buster.

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Don’t Copy Europe’s Mistakes: Less Government Is the Right Way to Fix Healthcare

Don’t Copy Europe’s Mistakes: Less Government Is the Right Way to Fix Healthcare

Posted on November 3, 2009

This video explains how government interference is driving up healthcare costs in America, and warns that European style health “reform” will make the situation even worse.

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The Value Added Tax: A Hidden New Tax to Finance Much Bigger Government

The Value Added Tax: A Hidden New Tax to Finance Much Bigger Government

Posted on October 14, 2009

This Center for Freedom and Prosperity Foundation video explains why a value-added tax would be a dangerous money machine for big government. The evidence from Europe also shows that VATs actually lead to higher income taxes.

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