What If the Secret of Progress Were Not Spending More, but Saving More to Invest Better?
Imagine an impoverished country, burdened by debt, with its young people emigrating due to lack of opportunities. I am not talking about present-day Guatemala, but about Ireland in the 1980s. Instead of continuing to spend what it did not have, Ireland changed course: it lowered taxes — including a record 12.5% corporate tax rate — […]