May 25, 2008

Taxes that Aid the Invisible Hand

That the invisible hand often breaks down is actually good news. After all, we need to tax something to pay for public services. By taxing forms of consumption that generate negative side effects, we could not only generate enough revenue to eliminate budget deficits, but also help steer resources toward their most highly valued uses. Link Posted by Tim at May 25, 2008 01:03 PM | TrackBack