Kapitalbewegung

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"An unusual consensus has developed among economists that the 'long boom' before 2008, and the subsequent crisis and recession, resulted from a global excess of capital. Over-supply of saving drive down capital costs, encouraging excessively risky investment and preventing the s…

This text uses the theory of international taxation to consider fundamental forces underlying the process of constraining tax policies, covering both factor and commodity taxes, as well as their interaction.