Modern Money Illustrated

DIAGRAMS & DOLLARS Written by J.D. Alt, New Economic Perspectives Constructed from original Part 1 and Part 2. Click to enlarge 1. The “unsolvable” riddle of our National Budget Being an architect, I’m fascinated by diagrams visualizing things which otherwise are invisible. In designing a building we usually begin with diagrams to explore and understand …

Tax Policy to Aid Recovery and Growth

by Guest Author Christopher Heady, Professor of Economics, University of Kent Originally posted at VoxEU 14 March 2011 and reposted here with written permission. Have governments been cutting the right taxes? And are they choosing the best taxes to increase now that they need to balance the books? Using data from 21 OECD countries, this …

Why “Made in China” Costs More in China

Chinese goods cost more in China because of currency, taxes, transportation,logistics and inflation. Chinese get the jobs, while Americans get the consumer products; Chinese government gets the dollar, but the U.S government gets to spend the dollar! Chinese like to say: the Americans get a better deal!