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Revenue estimates for tax policy changes are typically made under the convention of a fixed set of economic assumptions, with a given level of nominal GDP and aggregate income. For a tax policy change as large and significant as an add-on value-added tax (VAT) or other consumption tax that...
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's theory of exchange, I argue that producers of value incur incidental expropriation of wealth associated with the deflationary …
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, is that once one country in the developed World adopts this economic theory every country in the developed World will be …
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Chapter 1. Introduction -- Chapter 2. Trends in Growth since the GFC -- Chapter 3. Credit, Employment and the Current Account -- Chapter 4. Capital Formation and Foreign Investment -- Chapter 5. Inflation and Monetary Developments -- Chapter 6. Policy and Analyses Chapter -- 7. Reflexive, not...
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