Federal spending comes with costs and should not be accepted as the “free lunch” it is frequently considered to be. As states consider whether to accept federal stimulus funds, this paper examines the cost of those federal funds and argues that an increase in the...
About a year ago Stephen Moore, Peter Tanous and I set about writing a book about our vision for the future entitled “The End of Prosperity.” Little did we know then how appropriate its release would be earlier this month. Financial panics, if left alone, rarely...
The Wall Street Journal 12/10/07 A record eight million Americans moved from one state to another last year. Where is everyone going, and why? The answer has little to do with climate: California has arguably the nicest climate of any state in the nation – yet...
The story of how the Laffer Curve got its name isn’t one of the Just So Stories by Rudyard Kipling. It began with a 1978 article published by Jude Wanniski in The Public Interest entitled, “Taxes, Revenues, and the ‘Laffer Curve.’” As recounted by Wanniski...
The Wall Street Journal 10/15/96 Bob Dole’s proposal to cut income tax rates by 15% across the board and halve the capital gains tax rate has resurrected all sorts of issues from the policy debates of the Reagan ’80s. The Dole plan also stands — notwithstanding...
International Herald Tribune, Zurich – August 24/25, 1985 Washington – … The bulk of U.S. tax cuts began on Jan. 1, 1983, and the economic recovery began at the same time. Isn’t it amazing how tax reductions do not work until they take effect? More to the...
L.A. Times 3/4/80 Amid the crash and clatter of the presidential primaries, a quiet assault on America is proceeding unnoticed. The combatants are Americans and Japanese. Ironically, the assault on the American standard of living is being mounted by the Americans, while the Japanese defend us...
Making the Dollar ‘as Good as Gold’ L.A. Times 10/30/79 The events of the past several weeks have served to make interest rates, reserve requirements and money supply targets of cocktail talk at all proper meeting places. What appears to be missing, however, is any serious discussion...
