Working Papers
A Network Approach to Geopolitics
Economics Working Paper 26127
October 16, 2026
Published: September 5, 2018
The only real tax reform is permanent spending control because any dollar borrowed has to be paid back with tax revenue. Cutting taxes without cutting spending means that tax revenue will have to be correspondingly higher in the future. Borrowing today implies future taxation.
This video’s audio is excerpted from Michael Boskin’s 2017 Hoover Institution Summer Policy Boot Camp lecture.
The Hoover Institution’s Summer Policy Boot Camp an intensive, one-week residential immersion program in the essentials of today’s national and international United States policy for upperclassmen and recent graduates. To learn more, click here.
Additional Resources
- Read Michael Boskin’s chapter “A Blueprint for Tax Reform” in Blueprint for America here.
- Watch as Michael Boskin answers the most common questions viewers have about tax reform in his “Office Hours” video, available here.
- Read “How to Think About Taxes” in the Hoover Digest, available here.
- For more on marginal tax rates from Michael Boskin, click here.
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