Today’s Currency Crises Are Easy To Fix

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on September 6, 2018.) We seem to be entering into one of those periods of currency turmoil, as Argentina, Turkey, Venezuela, Brazil, and even perhaps China seem to be spiraling into disaster. It really doesn’t have to be …

Recent Thoughts on Taxes #3: The Principle of Uniformity

In Full Archive by Nathan Lewis

I’ve been talking about some thoughts that have arisen in the process of reading what others have said about taxation issues. August 12, 2018: Recent Thoughts on Taxes: In Praise of “Regressive” Taxes August 19, 2018: Recent Thoughts on Taxes #2: Is the Payroll …

Ireland’s Great Comeback

In Full Archive by Nathan Lewis

I’ve been working on a new book, The Magic Formula, which I hope will be out before the end of the year. It is an introductory book, aimed at people who have no prior experience in these matters. This section of the book describes Ireland …

Recent Thoughts On Taxes: In Praise of “Regressive” Taxes

In Full Archive by Nathan Lewis

I’ve been reviewing some of what has been said about taxes over the years. This includes: The Flat Tax (1985), by Robert Hall and Alvin Rabushka The Flat Tax Revolution (2007), by Steve Forbes The End of Prosperity (2008), by Arthur Laffer, Steven Moore …

A Trade “Imbalance” Doesn’t Imply A Currency Problem

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on August 3, 2018.) Trade is, fundamentally, a simple thing, but people like to make it complicated. In part, this arises because if you make it complicated, you might be able to fool someone into giving you an …

This Is Why We Want 5% “Inflation”

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on July 20, 2018.)   Whenever the economy has been doing well for a while, we have a discussion about: “Does growth cause inflation?” Some people say yes; others say no. I think they are both wrong. It’s …

The “Supply Side” Bookshelf

In Full Archive by Nathan Lewis

Today I thought I would make a list of core readings with a “supply side” theme. I consider the “supply side” movement, of which I am a part, to be the most significant development in economics since 1970. But, it is not very well …

Turkey’s Currency Failure Is Easy To Fix

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on June 25, 2018.)   Turkey is in the headlines again for the falling value of the Turkish lira. We get the same old story about how the central bank is “doing everything it can” to support the …