Defending the articles of confederation: A reply to Dougherty
نویسنده
چکیده
This reply addresses the issues raised by Dougherty in response to my 1999 article in this journal. I also develop a new graphical model of the optimal collection rate under the Articles, where states made contributions, and contrast it to the revenue potential from direct taxation. I believe that despite Dougherty’s criticisms, my argument remains valid. While the Articles were not perfect in an absolute sense, that when more properly viewed in a comparative manner, that the system of state contributions for raising revenue under the Articles was (and still is) superior to a system of direct federal taxation.
منابع مشابه
In defense of the Articles of Confederation and the contribution mechanism as a means of government finance: A general comment on the literature
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 we...
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