Is VAT to blame for the productivity puzzle?

Source: OECD, Consumption Tax Trends 2016 I’ve commented before on the stupidity of the lower/zero rating of food and children’s clothes on this blog. Readers are probably aware of the famous Jaffa Cake case, but did you know that while potato crisps are taxed at the full rate, tortilla chips and prawn crackers are zero-rated? Alas, any brave politician determined to fix this distortion, would…

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At last some sense on climate change

A few years back perennial BS vendor Naomi Klein wrote a book called This Changes Everything. She argued, in typically economically illiterate fashion, that the threat of climate change requires us to reject mainstream economics and instead embrace the sort of socialist, planned economy that she has always supported. Klein and her ilk’s political opportunism may explain why so many on the right are sceptical…

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