A lesson in how not to create taxes, and explanations about a few kinds of taxes. Fun fact - a progressive tax is not a tax "favoring social reform", as the word "progressive" might imply.
Have you ever wondered how many marijuana dealers there are in the US? The DEA has, too.
You have died of dysentery! Wait. Not that kind of frontier... The production possibility frontier shows different trade-offs in production.
In socialist Venezuela, rising inflation & a ban on currency trading are leaving many struggling to survive. A few industrious groups of workers have been...
I recently read an article by Will Davies that brought up an interesting question: How did mounting inequality succeed in proving culturally and politically attractive for as long...
Inequality is quite the hot topic these days, and one of the best ways to measure it is the Gini Index. The Gini index was created by Corrado Gini in...
Who really has influence over government policy? * Some Princeton researchers have analyzed policies and influence, finding...
When evaluating proposed or existing policy measures, economists & government officials typically aim to improve the lives of others. The objective of any given tax, welfare, or law change...
Anyone who has ever filled up gas (or driven by a gas station… or followed the news) can tell you that prices tend to change unpredictably. So, why...