Photo by Bibek Raj Giri/NurPhoto via Getty Images
Economist Robert Hall’s proposal would simplify collection without discouraging investments.
Earlier this month, economists Robert E. Hall and Michael Woodford won the 2026 Nobel Prize in Economics for their work on “microeconomic foundations of macroeconomic stabilisation.” The two built the models that modern central banks use to stabilize the economy, shifting macro policymakers’ focus from big economic variables like inflation and unemployment to the actual decisions of individuals.
Hall’s win offers an opportunity to recall another of his major contributions: the idea of a single flat tax. Throughouttheir careers, Hall and his colleague Alvin Rabushka have proposed a flat tax that would simplify tax collection and increase investment in physical and human capital, without abandoning the idea of progressive taxes.
Continue reading the entire piece here at The Washington Post
______________________
Dario Marino is an Economic Policy Fellow at the Manhattan Institute, where he focuses on innovation, productivity, technology policy, and regulatory reform. This piece was originally published in City Journal