• John Locke Update

    North Carolina Needs a Broader Debate over Corporate Welfare

    posted July 18, 2019 by Jon Sanders
    The budget standoff in North Carolina is generating national attention, which focuses on the debate over Medicaid expansion. But there’s another policy standoff in Raleigh, and it’s interesting not just…
  • John Locke Update

    N.C. Budget Processes Inspire Federal Reform Recommendations

    posted April 29, 2019 by Joseph Coletti
    Policymakers around the country look to North Carolina’s fiscal example to guide their quests for lower taxes. Restrained spending has made it possible for state government to tax less and…
  • John Locke Update

    Trade Deficits Can Be Beneficial

    posted April 10, 2019 by Dr. Roy Cordato
    I was recently cleaning out some old files and came across an article on trade deficits and surpluses that I wrote in 1988 while working as an economist with the…
  • John Locke Update

    States, Taxes, and Economic Growth

    posted August 15, 2018 by Joseph Coletti
    Would North Carolina be a better place without an income tax? A recent Bankrate.com article compared the nine states that forgo broad-based personal income taxes with the rest of…
  • John Locke Update

    Does Government Spending Expand the Economy?

    posted June 20, 2018 by Dr. Roy Cordato
    There is a simple equation that every first-semester student in macroeconomics learns. It is the equation for measuring gross domestic product or GDP. GDP is used to measure the size…
  • John Locke Update

    Policies to Put Local Jobs First

    posted March 28, 2018 by Joseph Coletti
    America has always been a country on the move. Across the ocean, across the continent, and, for decades after the frontier officially closed, Americans have moved away from (and often…
  • John Locke Update

    How to Make North Carolina’s Capital Gains Tax Fairer

    posted March 22, 2018 by Dr. Roy Cordato
    On many different occasions, I have argued that, from an economics perspective, North Carolina should abolish its tax on capital gains. But leaving economic analysis aside, assuming that…
  • John Locke Update

    “Too Much Growth” Doesn’t Cause Inflation

    posted February 15, 2018 by Dr. Roy Cordato
    If the supply of oil goes up, the price of oil and gasoline falls. If the supply of oranges goes up, the price of oranges and orange juice goes down.

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