Philip Murray

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Book Review

That's Not What We Meant to Do: Reform and Its Unintended Consequences in Twentieth-Century America by Steven M. Gillon

Gillon Should Learn Some Economics

JULY 01, 2001 by PHILIP MURRAY

The art of economics, as Henry Hazlitt might put it, is to uncover the unanticipated effects of an act. In "That's Not What We Meant to Do," historian Steven M. Gillon details the history of five federal acts. He states, "My goal is fairly modest: to tell a few stories of how unintended consequences occur, to speculate about their significance, and to inspire more research and discussion about this often mentioned but infrequently explored theme."

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July/August 2014

The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
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