Conservatives also worry that "invisible" taxes like a VAT would enable the government to grow bigger. The evidence does not agree. "Tax visibility is empirically unrelated to the amount of taxation and government spending," economist Casey Mulligan concluded.Well, there goes one of my worries.
The Effects of Oil Shocks
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The more recent conclusion is that “most major oil price fluctuations
dating back to 1973 are largely explained by shifts in the demand for crude
oil.”
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