Constantin Gurdgiev: May 2006 Archives

Less Is More

When it comes to government spending, less is more. Less government spending and involvement in the economy - both in terms of regulatory interference and taxation burden - are associated with higher rates of economic growth, better productivity and more... Read More

Reality of the Leisure Class

Andrew Carnegie's century-old conjecture asserts that large inheritance will decrease a person's labor-force participation. The idle wealthy classes aside, a somewhat different proposition applies for the working classes: a decrease in after-tax real income through Read More

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