We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.
Weekly Roundup: From Vodka to Tax Dodgers
Our weekly roundup includes stories from everyday economics that relate to creative destruction, taxation, price floors, labor markets and entitlements.
How To Catch Tax Dodgers With a Lottery
The lottery that Slovakia uses to catch VAT tax dodgers reflects fiscal challenges that eurozone countries like Germany and the Netherlands do not face.