arrangement whereby owners of property voluntarily enter into exchange relationships that they consider to be mutually beneficial … of exchange are not determined by buyers and sellers, however, but by the government or a legislature, then the assurance … of mutual advantage breaks down. Indeed, if the government sets the terms of exchange (by price fixing, for instance …

20 years, what had been a classic division of functions between the Federal Government and the States and localities has … become a confused mess. Traditional understandings about the roles of each level of government have been violated." The … source of the problem has been the intrusion of the federal government into many state and local matters with a consequent …

government handouts. Many people now believe, and act as if, everyone can live at the expense of everyone else. As government …

of en- forcement of the tax laws. Of all federal government agencies, the Internal Revenue Service IIRS) is permitted the … greatest latitude in its relations with citizens, to the point where the authority of government directly conflicts with the …

immediate (short-term) increases in government revenue; (2) the prohibitive zone is larger than Laffer originally hypothesized …

positive output effects without also cutting government spending? 4. Should we let our answer to the second and third questions …

existing taxes stand apart from the danger that the government will merely add it on to present taxes, I don’t believe we …