Christian Baaki

High marginal tax rates and heavy average tax burdens -- the outcome of New York’s traditional emphasis on progressivity -- have discouraged job creation, ultimately hurting the very low-income workers that progressive taxation was designed to favor.

Genuine reform requires capping the growth rate of costs across all major government health programs, ideally implementing them together, and reallocating some of the savings to reduce, rather than increase, the number of uninsured

What precipitates business cycles is not monetary growth beyond a fixed rate, but inflationary increases of money and credit. Monetary and credit inflation provides a platform for non-productive activities, which consume and add nothing to economic growth. In fact, inflation diverts savings and production toward non-wealth-generating activities,

As of February this year, per-pupil spending in the United States averaged $20,387. Perhaps the issue is more accurately described as a misallocation of funds. A disproportionate amount is spent on activities, services, and staffing priorities unrelated to instruction—transportation, school meals, social and mental health services, and

If a 20 year old could both study Bismarck’s critical decisions in the 1860s (and the principles underlying them) and be given practical experience in some of the best managed organisations in the world, they would be much, much better prepared for senior jobs than our leading politicians are now.

Four basic questions when reading a book: 1) what is the book about as a whole? 2) what is being said in detail? 3) is the book wholly or in part true? 4) what is the significance of its meaning and truth?

Far from being a proof of the failures of unregulated capitalism, the 1929 Depression illustrates rather the dangers of government interference with the economy. The economic collapse came as a necessary correction to the artificial boom induced by the Federal Reserve System’s monetary expansion during the 1920s.

“After the 1920s tax cuts, it was not simply that investors’ incomes rose but that this was now taxable income, since the lower tax rates made it profitable for investors to get higher returns by investing outside of tax shelters. The facts are unmistakably plain, for those who bother to check the facts. In 1921, when the tax rate on people making

Clinton and Gore were inaugurated on January 20, 1993. At the beginning of the first term, they developed a "two-page agreement outlining their relationship". Clinton committed himself to regular lunch meetings; he recognized Gore as a principal adviser on nominations and appointed some of Gore's chief advisers to key White House staff positions.