When I first looked at the issue of “basic income,” back in 2013, my gut reaction was deep skepticism. That’s because I feared many people would drop out of the labor force if they could live off government handouts (as illustrated by this Wizard-of-Id parody). It’s true that the current amalgamation of welfare programs also […]
President Biden has proposed a massive $2 trillion-plus infrastructure plan. Here are the two things everyone should understand. It will hurt growth because it will be financed with very harmful tax increases, most notably a big increase in the corporate tax rate that will undermine competitiveness. It will hurt growth because the new spending will divert resources from the […]
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