News
Politico | Feds: Taxpayers could cover layoff costs under sequester
Taxpayers would be on the hook for the costs of laying off defense industry workers if automatic, across-the-board budget cuts were to take effect Jan. 2.
Econ Comments & Analysis
WSJ | Europe's Same Old Austerity
Remember all that euro-babble before the French election about fiscal "austerity" harming growth? Well, meet the new austerity, same as the old austerity, which means higher taxes on the private economy and token discipline for the state. Growth is an afterthought.
Blogs
Library of Economics | Robert Murphy: A New Result on Carbon Taxes
Just about every public discussion of carbon tax swaps implicitly assumes that the distortions emanating from the tax code must decrease if the government begins taxing a negative externality (carbon emissions) and uses the revenue to reduce tax rates on productive activity. However, the analysis of the tax interaction effect shows that this assumption may be wrong.
