The Floating Pound and Dollar, 1790-1830

In Full Archive by Nathan Lewis

Here is a bit of new data, regarding the floating pound during the Napoleonic Wars 1793-1821, and also the floating dollar during the War of 1812, 1812-1819. The source of the data is here: http://www.centerforfinancialstability.org/hfs.ph The data here is somewhat intermittent, so I plotted …

“Rules-Based” Monetary Proposals Won’t Create Stable Money

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on February 9, 2018.) https://www.forbes.com/sites/nathanlewis/2018/02/09/rules-based-monetary-proposals-wont-create-stable-money/#4b822c96128e I often say that governments should follow the “Magic Formula,” which is: Low Taxes and Stable Money. Good things happen to governments that do this, and bad things happen to those that don’t. …

Bulgaria’s Journey To A 10% Corporate Tax Rate

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on January 26, 2018.) https://www.forbes.com/sites/nathanlewis/2018/01/26/bulgarias-journey-to-a-10-corporate-tax-rate/#12d34a185d50   The principle of the Laffer Curve is: you get more of what you tax less. An income tax taxes taxable income. As tax rates go down, taxable income goes up. There is …

How Much Should Homes Cost (To Rent)?

In Full Archive by Nathan Lewis

Previously, we looked into how much homes should cost. Basically, we concluded that the cost of homes should be a function of construction costs, which are basically stable, profit and some other non-construction costs such as corporate overhead, and land costs. Since there is …

T.R. Reid Explains Why Democrats Should Get On Board the Great Tax Reform Of 2018

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on January 4, 2018.) https://www.forbes.com/sites/nathanlewis/2018/01/04/t-r-reid-explains-why-democrats-should-get-on-board-the-great-tax-reform-of-2018/#24b65f3c1091 I knew the Washington Post reporter T. R. Reid from his book Ski Japan!, which I used to explore Japan’s major ski resorts twenty years ago. Thus, I am intrigued to see him …

Start Planning the Tax Reform of 2019

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on December 18, 2019.) https://www.forbes.com/sites/nathanlewis/2017/12/18/start-planning-the-tax-reform-of-2019/#38e70d7349b5 The Tax Cuts and Jobs Act of 2017, focusing on corporate taxes, is almost (if not quite) in the bag. Great! In the end, not much was done on the side of personal …

Greg Mankiw’s Ten Principles

In Full Archive by Nathan Lewis

I thought I would like to do a little work on the theme of the Magic Formula, which is: Low Taxes and Stable Money. We saw that this theme goes back at least as far as Adam Smith. But, it didn’t appear in Applied Mainline …