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King of California

…big differences in farm size and quality of life. Hayes and Olmstead review them in this paper [pdf] with useful notes on the size of oil revenues and cost of…

Sensible Tax Reform

…Robert J. Gordon, and Alan Blinder. 2. Tax Incentives. When economists address tax policy, they often speak of “distortions.” The implied claim is that distortions are bad, and should be…