• John Locke Update

    How to Make North Carolina’s Capital Gains Tax Fairer

    posted March 22, 2018 by Dr. Roy Cordato
    On many different occasions, I have argued that, from an economics perspective, North Carolina should abolish its tax on capital gains. But leaving economic analysis aside, assuming that…
  • John Locke Update

    The Five Losers and One Winner From Protectionism

    posted March 14, 2018 by Dr. Roy Cordato
    Typically, “saving American jobs” is the reason given for implementing protectionist trade measures, i.e., tariffs and quotas. The argument goes something like this: foreign producers of a product are offering…
  • John Locke Update

    Expensing Should be a Permanent Part of the N.C. Tax Code

    posted March 8, 2018 by Dr. Roy Cordato
    A couple of weeks ago, I argued that North Carolina’s legislature should “one-up” Congress and the Trump administration when it comes to tax reform by abolishing the state’s capital…
  • John Locke Update

    “Too Much Growth” Doesn’t Cause Inflation

    posted February 15, 2018 by Dr. Roy Cordato
    If the supply of oil goes up, the price of oil and gasoline falls. If the supply of oranges goes up, the price of oranges and orange juice goes down.
  • John Locke Update

    Keynesianism: The Real Trickle-Down Economics

    posted January 10, 2018 by Dr. Roy Cordato
    In the media and among pundits, the term “trickle-down economics” is used a lot. The expression was reportedly first used in the 1930s by Will Rogers and was later adopted…
  • John Locke Update

    The Good and the Bad of the House and Senate Tax Bills

    posted November 30, 2017 by Dr. Roy Cordato
    I just came across this summary/comparison of the House and Senate’s tax reform proposals published by Forbes. It is really quite good at laying out the details in a…