Arthur Laffer’s “curve” is one of the most destructive ideas in modern economics. Sketched on a napkin in the 1970s, it claimed that cutting tax
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I did this podcast with Xander Elliards of The National on Monday (and I wish they’d told me my lens was dirty: I had no
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I have suffered from a very strong feeling of late, which is that it is becoming very hard to escape the theatre of political distraction
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Apple has crossed a $4 trillion valuation. That’s $495 for every single person on Earth — if we all shared it. But we don’t. This
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A new commentator on this blog, called Sammy, asked last night: I often hear a version of the phrase used in the blog, where the
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This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been,
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We’re told tax is a curse and even “theft.” That’s wrong. Tax is how we build a fair society. It plays an essential role in
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The National Audit Office issued a report yesterday on efforts being made by the Department of Work and Pensions (DWP) to tackle benefit fraud, and
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Rachel Reeves says she needs to raise taxes to “balance the books.” But that’s not how government finance works. In this video, I explain why
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