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Monthly Archives: March 2014

In my previous post, “Smuggling cigarettes into New York,” I pointed out how higher cigarette taxes push people to buying their cigarettes elsewhere.  Increases in cigarette taxes in New York was estimated to cause huge increases in cigarettes smuggled into New York.  In New York and California, as well as in France, high tax rates […]

On CBS’s Money Watch, Jonather Berr reports here that cigarette smuggling in New York is the highest in the country, with over half (estimated to be 56.9%) of cigarettes sold in the state are illegally smuggled there, according to this report by the Tax Foundation.  The Tax Foundation report is based on a study by […]

The news agency, AFP, reports here on protests staged by doctors and medical students over the shortages of various medicines and critical supplies in hospitals in the oil-rich South American country of Venezuela. If you search through Bastiat’s Bastions you will find that I have mentioned Venezuela’s shortage-plagued economy several times, such as here, here and here.  Chad Turner, a former […]

Well, I am not going to answer that question.  What I am going to do, though, is to point out some work by Benjamin  Powell, the director of the Free Market Institute at Texas Tech, which he discusses in this article in Forbes and in this earlier article at the Library of Economics and Liberty. One case […]

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