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Inflation and Economic Growth |
Frank Shostak |
According to mainstream economists, inflation aids economic growth while deflation impairs growth. Austrian economists, however, point out that in much of US history, economic growth was accompanied by deflation. |
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Schumpeter Explains the Origins of the Modern Tax State |
Ryan McMaken |
In the West, the “tax states” we now live under are relatively modern institutions, and they developed from earlier non-state civil governments that were often not primarily funded by taxes. |
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