The Best Types of Taxes

Some taxes discourage economic activity more than other taxes.

In his final lecture in this Tax Foundation University series on macroeconomics, Dr. Lawrence H. White discusses which taxes are the best economic policy and which are the worst.

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

Monetarists and Criticism of Fiscal Policy

The monetarists, or new classical economists today, argue that a larger deficit is not going to boost real GDP.

In this lecture, Dr. Lawrence H. White gives an overview of monetarist thinking in economics and breaks down their criticisms of fiscal policy.

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

The Debate on Fiscal Policy

The term "fiscal policy" refers to a broad array of expenditure and tax policy decisions, but in the sense it’s used in macroeconomic policy, it boils down to "How big is the deficit?"

In this lecture, Dr. Lawrence H. White gives an overview of the debate on fiscal policy.

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

Aggregate Supply and Demand

In this lecture, Dr. Lawrence H. White discusses aggregate supply and demand and how to analyze it in the context of macroeconomics.

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

Flow of Payments

In this lecture, Dr. Lawrence H. White discusses the flow of payments in an economy and what they tell us about macroeconomics.

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

GDP in the US – A Look at Long-Term Trends

In this lecture, Dr. Lawrence H. White looks at long-term trends in GDP in the US and discusses how best to interpret the data.

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

The Limitations of GDP

GDP should not be taken as a way to measure well being because it doesn’t account for anything but monetary transactions.

In this lecture, Dr. Lawrence H. White discusses the limitations of GDP for measuring certain economic activity.

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

The Difference Between Real and Nominal

In this lecture, Dr. Lawrence H. White discusses the difference between real and nominal measurements in macroeconomics and why each matters.

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

An Introduction to GDP

In his first lecture in a Tax Foundation University series on macroeconomics, Dr. Lawrence H. White gives an overview of gross domestic product (GDP).

Dr. White is professor at George Mason University and a member of the Mercatus Center Financial Markets Working Group.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube

The Production Possibilities Frontier

The Production Possibilities Frontier (PPF) is a model representing tradeoffs of an economy given fixed resources.

Dr. Russel Sobel continues his Tax Foundation University lecture series by breaking down the PPF and showing how it demonstrates the idea of opportunity costs.

Category: Education
Uploaded by: TaxFoundation
Hosted: youtube