Tax Revenue

Ten Great Economic Myths

Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are ten of the most dangerous of these myths and an analysis of what is wrong with them.

An Economic Showdown Is Looming

The idea that the entrenched political establishment is willing to take these risks to further their political agenda is frightening.

Ron Paul Urges Congress: Cut, Don't Reform, Taxes

Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However taxpayers should temper their enthusiasm because, even in the unlikely event tax collection is simplified, tax reform will not reduce the American people’s tax burden.

Trump’s Inauguration: A Typical Norwegian Response To A Historical Event

Instead of being happy for America on our historic day, The Norwegian “America Experts” (Nettavisen in Norwegian) blasted him as fierce and divisive. VG, the leading Norwegian paper referred to the speech as dark. Nowhere, in their analysis, was a counter-thesis, offering the underlying reasons for Trump’s statements. No acknowledgment of our decline over the past generation, despite the technological gain and offshoring.

The Truth About Venezuela's "Economic War"

President Maduro is correct. Venezuela’s economic woes are indeed the result of economic war and mafia attacks. But Venezuela’s political elites are the mafia, and they alone have waged a decades-long economic war on Venezuela’s people.

The Dallas Pension Fiasco Is Just The Beginning

The recent blow-up of the Dallas Police and Fire Pension System was entirely predictable. The combination of overpriced financial markets, inadequate contributions and overly generous pension promises mean dozens of US local and state government pension plans will end up in the same situation.