In defense of the Articles of Confederation and the contribution mechanism as a means of government finance: A general comment on the literature
@article{Sobel1999InDO, title={In defense of the Articles of Confederation and the contribution mechanism as a means of government finance: A general comment on the literature}, author={R. Sobel}, journal={Public Choice}, year={1999}, volume={99}, pages={347-356} }
I attempt to dispel several widely-held myths regarding government finance under the Articles of Confederation, some of which were reiterated in Dougherty and Cain (1997). I defend the contribution mechanism as a method of government finance that is superior to direct taxation by the federal government, and present evidence contradicting the belief that revenue collections under the Articles were poor. A proper comparison is with alternatives at that time, such as state tax collections and the… CONTINUE READING
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