…government’s viewpoint and were ready to disparage economics and to teach the doctrine of government omnipotence… To maintain the theory that there are such things as economic laws was deemed…

…and prices.   Source: Tamar den Besten and Diego R. Känzig, “The Macroeconomic Effects of Tariffs: Evidence from U.S. Historical Data,” NBER Working Paper No. 34852, National Bureau of Economic Research, February 2026  What…

by Linda Beale EITC: Mulligan (economic theory) vs. Seto (empirical evidence) TaxProf today noted the article in the New York Times about the EITC: Casey Mulligan, Do Tax Credits Encourage…

…This suggests that the German economy quickened in Q3 – does that mean it’s all clear for the Euro area? I think not. According to The Wilder View Leading Economic…

…but that’s what it is. In the 1940 – 1950 period, we did observe slower economic growth following a tax hike and faster economic growth followed a tax reduction. However,…

…were coming down. In the 1940 – 1950 period, we did observe slower economic growth following a tax hike and faster economic growth followed a tax reduction. However, that happened…

…let me note that the first paragraph actually provides a second, far more familiar testable implication, namely that higher tax rates will generally lead to slower economic growth. While that…

…firms, measured by patent output, decreased. I believe the result, but started to wonder… are patents a good measure of innovation? Do patents drive economic growth? I don’t know how…

…activity. It is not the “natural” course of economic activity that creates such volatile activity. It is the economic policy implementedthat determines whether there will be unrest or not. Currently,…

…clean drinking water. Our talley on Steyn’s forecasts: 3 forecasts made, 3.5 big forecasting errors. Steyn’s next forecast reads like this: 4) “If Saddam is not found dead, or caught…