The Cigarette Tax Problem

Deciding whether they want revenue, prohibition or smuggling, lawmakers have to decide how high to make sin taxes on items like cigarettes.…

How to Defend or Oppose Thomas Piketty

Summarizing Thomas Piketty’s voluminous research in his new book, Capital in the Twenty-First Century,” the NY Times said that looking back, we have overstated the beneficence of capitalis…

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