The Tringo Phenomenon

Economists have noted that when taxation and regulation are very high, there is a tendency for economic activity to move beyond the range of scrutiny. An "underground" or "black" economy develops in areas which are not easily measured and assessed. This movement appears to have its counterpart in government activity. When government itself is under criticism for its size and growth, there is a tendency for it, too, to move off-stage.

 

[gview file="http://www.adamsmith.org/wp-content/uploads/2015/09/20150915122635.pdf"]