GOP: Lift Your Head From The Tax Scrum And See The Big Picture

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on November 3, 2017.) https://www.forbes.com/sites/nathanlewis/2017/11/03/gop-lift-your-head-from-the-tax-scrum-and-see-the-big-picture/#7002573158e3   The Republicans’ tax bill has made its first pass through the sausage factory without being chopped into little bits. The most important stuff is still in there, in particular a big reduction …

James Ledbetter Wants To Convince You That Gold Is Folly, Superstition And Madness

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on October 26, 2017.) https://www.forbes.com/sites/nathanlewis/2017/10/26/james-ledbetter-wants-to-convince-you-that-gold-is-folly-superstition-and-madness/#2d1a786f5785     The purpose of James Ledbetter’s new book, One Nation Under Gold (2017) is to convince you that anything to do with gold – especially basing your money on it – is …

One Nation Under Gold #3: God, Gold and Guns

In Full Archive by Nathan Lewis

We’ve been looking into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years Now, we will follow Ledbetter’s account …

The GOP’s Tax Framework Looks Good. Let’s Do It.

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on October 5, 2017.) https://www.forbes.com/sites/nathanlewis/2017/10/05/the-gops-tax-framework-looks-good-lets-do-it/#509e95f5784a     The Republican Party has released its framework for tax reform. I like it a lot. First, let me congratulate all those, within Congress and throughout the policymaking intelligentsia, who kept their …

One Nation Under Gold (2017), by James Ledbetter

In Full Archive by Nathan Lewis

One Nation Under Gold (2017), by James Ledbetter, is, pretty much, a gold-bashing exercise. I think it is propaganda: that is to say, not a forthright expression of an individual’s independent and informed view, but an intentional effort to mold public opinion to serve …

Britain’s Path To A 19% Corporate Tax Rate

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on September 26, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/26/britains-path-to-a-19-corporate-tax-rate/#2812c344772e   If the U.S. reduced its Federal corporate tax rate to 15%, it would produce a combined effective corporate tax rate of about 19% — the same as Britain today. There are now …

Real World Examples Of More Revenue With A 15% Corporate Tax Rate

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on September 14, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/14/real-world-examples-of-more-revenue-with-a-15-corporate-tax-rate/#3619e6cf4d15   One of the harder economic concepts to embrace is that tax revenues, as a percentage of GDP, are often lower when rates are higher, and higher when rates are lower. Huh? The …

Alan Reynolds Argues For the Gold Standard, 1982

In Full Archive by Nathan Lewis

Here are Allan Meltzer and Alan Reynolds, arguing for Monetarism and the gold standard, in 1982. I think it is an interesting exchange. You could say that things haven’t changed much since then. But, I don’t think that is true. Nobody really takes the …

A 15% Corporate Tax Would Have A Lot Of Upside Without Much Risk

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on September 7, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/07/a-15-corporate-tax-would-have-a-lot-of-upside-without-much-risk   I recently argued that a country is far better off with a simple tax system and a low rate, like Hong Kong with its 16.5% corporate tax, than an obscenely complex system …