An efficient tax system is a necessity for a thriving economy. Excessive bureaucracy not only limits economic growth through an inefficient allocation of resources, but tax revenues also suffer from more considerable tax avoidance. Taxes also provide a platform for long-run economic development through an incentive structure. Singapore achieves the perfect balance. From one ofContinue reading “Singaporean Taxes”
Monthly Archives: April 2023
Quantity Theory of Credit: Better Banking?
Following the Financial Crisis of 2008, Western financial systems have been subject to much political debate. Severe misallocations of credit in the years leading up to the subprime mortgage led to excessive housing construction and speculation, culminating in a financial catastrophe. With this said, the role of large commercial and retail banks particularly hasn’t beenContinue reading “Quantity Theory of Credit: Better Banking?”
Reagan Revolution
Reagan took office in 1981 amidst a plethora of economic crises. Inflation soared in the double-digits at 13.5%, the unemployment rate stood at 7.5%, and energy prices were rocketing in the aftermath of the Iranian revolution. By the end of his two terms, inflation had fallen to 4.1%, unemployment down to 5.5%, and the USContinue reading “Reagan Revolution”
Keynesian Kiwis?
New Zealand has consistently performed as one of the wealthiest countries in the world with very high living standards. With a GDP per capita of $53,000 USD, this places New Zealand substantially higher than many of their Western counterparts, like Australia ($47,000 USD) and the UK ($39,000 USD). New Zealand’s prosperity has been achieved throughContinue reading “Keynesian Kiwis?”
Free Marketeer 