GDP

Sin and Vice Do Not Belong in the GDP

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Sin and Vice Do Not Belong in the GDP

Economics can be a brutal science. Its focus is limited to a particular part of human activity that deals with the process of wealth creation, acquisition, production, and consumption. It measures what has, and not what should have, been done. Economics is also a science of measurements. By calculating profits and losses, … Read more

Do Higher Taxes Really Produce Higher Revenue

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Do Higher Taxes Really Produce Higher Revenue 3

With all the discussions about tax rates and the prodigious amount of municipal deficits, our politicians and media tell us that we must increase tax rates to survive. One is left with the hollow feeling that there are no options and we must raise taxes regardless of the effects to stave off … Read more