James Pethokoukis, AEI
When in Doubt, Print Money
Advocates of Modern Monetary Theory want us to believe that debt doesn’t matter and that government can spend endlessly.
by David R. Henderson via Defining Ideas
A crucial policy battle that endures to this day
Save the Robots
Bill de Blasio reveals his scrambled vision of innovation and labor.
by David R. Henderson via EconLog
The major pluses of their [the supply-siders’] approach have been three. First, they came up with a way to dramatize the fact that an x percent increase in tax rates–even if it leads to higher tax revenues–will cause less than, and possibly much less than, an x percent increase in tax revenues. This was best illustrated by Arthur Laffer, with his Laffer Curve.