Fiscal policy for a period of transition

Fiscal policy

The outlook for changes in federal taxation

Tax reform ; Taxation

Recasting the Role of Government to Promote Economic Prosperity

No government in the world has an agency with the mission of depressing the economy or accelerating the rate of inflation. Yet, many government actions - especially taxation, government spending, and regulation - have those undesirable effects. The paper focuses on government regulation of business, where the costs are especially insidious, and what can be done to reform this regulation. Government decision-makers often forget the fundamental fact that individuals and private organizations have tremendous capability to deal with the shortcomings of a modern economy on their own. Relying more heavily on private initiative moves us closer to a free society while simultaneously providing powerful incentives for improved economic performance.https://openscholarship.wustl.edu/mlw_papers/1149/thumbnail.jp

Strengthening Israel\u27s Economy

The Israeli economy is very socialized and heavily regulated. Because of this, it suffers from slow growth and high inflation. To change this, Israel needs to become much more privatized.https://openscholarship.wustl.edu/mlw_papers/1121/thumbnail.jp

The Case Against Tax Reform in 1985

The Treasury Department\u27s tax reform proposals in 1985 should be opposed because they would 1) reduce incentives for new investment; 2) reduce venture capital for high-tech and other enterprises; 3) raise the tax burden on small businesses; 4) would create uncertainty for investors regarding future tax rules; 5) reduce economic growth; and 6) weaken the financial position of states and of private non-profit institutions.https://openscholarship.wustl.edu/mlw_papers/1092/thumbnail.jp

American Isolationism versus the Global Marketplace

A growing paradox faces the United States. There is simultaneously a rise in support for isolationism alongside an increasing globalization of business and economic activity. Examined separately, both trends possess a certain logical appeal. After all, given the end of the Cold War, many Americans expect an increased focus on domestic issues, of which there are plenty. At the same time, a global marketplace based on international trade has arrived. This paper examines the tensions these two trends present when placed alongside one another.https://openscholarship.wustl.edu/mlw_papers/1138/thumbnail.jp

The Assault on the Global Economy

The global economy is under assault by a strange alliance of radical groups and several mainstream environmental organizations. The outfits from the far left are long-term opponents of the capitalist system, both at home and abroad, so their opposition to trade between nations is neither new nor newsworthy. It is surprising, however, that organizations like the Sierra Club and Friends of the Earth have joined this effort to oppose the modern economy. This paper attempts to respond to these views. Isolationist policies are a foolhardy, futile pursuit in today\u27s interconnected, globalized economy.https://openscholarship.wustl.edu/mlw_papers/1154/thumbnail.jp

Government and the Citizen

This paper examines some of the impacts of government expansion on the private sector.https://openscholarship.wustl.edu/mlw_papers/1049/thumbnail.jp

The U.S. Economy and George Bush: A Midterm Review

Following the Reagan presidency, the Bush, Sr. administration has been dealing with reducing huge budget deficits. Corporations will be facing increased foreign competition from the European Community and the Asian Rim nations. But, even with these difficulties, the American economy is still a model followed by other countries.https://openscholarship.wustl.edu/mlw_papers/1109/thumbnail.jp

A New Technology Policy for the United States

The Clinton Administration is proposing a new technology policy, but unfortunately wants to follow the policy used when national security was the motivating force. A new policy would be more effective if it reduced governmental obstacles to the commercialization of new technology.https://openscholarship.wustl.edu/mlw_papers/1128/thumbnail.jp