Competitive market forces can improve the means of payment in the same way that market forces improve virtually all goods and services. Furthermore, the overall historical record highlights the importance of preserving citizens' ability to use whichever form of money they choose. The current tax...

The current tax system taxes corporate income twice. This double taxation has a pronounced negative economic impact, particularly on wages. It distorts the economy and harms productivity. The double taxation of corporate income is also inconsistent with competing concepts of proper income...

This testimony analyzes the importance of entrepreneurship, evidence that entrepreneurship is in decline, how the tax system is an impediments to entrepreneurship, sources of complexity in the tax code, incremental reforms to improve the current tax system and the likely impact of major tax reform