My friend Oak Norton has a nice little writeup on Taxation and the Monetary Policy that I found to be a very worthwhile mental exercise. I’ll try to summarize it here for you. Scenario 1: Let’s assume that the tax rate is a flat 10%. One dollar ($1.00) is put into circulation and that one [...]
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"A little experience with federal and state bureaucracies has taught me that such bureaucracies are inhabited by basically good civil servants, onto whom voters have pushed too much power for their good or ours."-Neal Maxwell (10/26/1976)Recent Comments
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