Blog 130. GDP is a faulty measure

Why GDP is a faulty measure of success.

That’s a headline in Time magazine of 2/5/218. Thinking of “success,” I wondered whether Time really sells more magazines by dating them a week later than the actual publication.  If so, another fake fact sells well. Continue reading

Blog 123. Is a flat tax freedom?

A flat tax is advertised as the “freedom tax,” in which everyone pays taxes at a fixed marginal rate—such as 10%. Salaried workers pay by withholding from each paycheck, and never have to submit a tax return. It sounds good because it’s simple, but is it good? Continue reading