George Bush was a President tarnished by the financial crisis and the failure of the Iraq War. Elected on the promise of a Conservative revolution akin to the 1980s, Bush vowed to shrink the state further and he failed in this goal. Pursuing Keynesian economic policies, the deficit exploded as his tax cuts were unableContinue reading “Failure of Bush Tax Cuts”
Category Archives: Fiscal Policy
Singaporean Taxes
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”
Docklands’ Devolution Success
Economic devolution is a powerful tool that can be used to promote economic growth and development in regions that have been neglected in the past. It is a process that involves transferring economic power and decision-making from a central government to local or regional authorities. The idea behind economic devolution is to give local authoritiesContinue reading “Docklands’ Devolution Success”
Marvellous McKinley?
President William McKinley served as the 25th President of the United States from 1897 until his assassination in 1901. During his presidency, McKinley pursued a number of economic policies that aimed to promote economic growth and stability in the United States. While his policies were aimed at promoting economic growth and stability in the UnitedContinue reading “Marvellous McKinley?”
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