Economics

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Today’s decision by the Greek government to present a budget for 2015 that is in open defiance of the wishes of its European Union and IMF paymasters is of singular importance.

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The real disappointment of President Obama’s executive action on immigration is that it distracts Congress and the American public from the far more important issue of the need to reform the entire US immigration system.

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US has the least competitive corporate tax rate in the OECD

Here are three charts that illustrate just how high the US corporate tax rate is compared to other countries.

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Conventional wisdom tells us the US is falling behind in the broadband race. Do the data agree? AEI visiting fellow Richard Bennett presents his research on this topic and experts discuss.

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The rise in the federal government’s revenue needs is likely to prompt efforts to increase the already-high tax burden on saving in upcoming decades. This threat to growth can be averted by moving to progressive consumption taxation.

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Internet traffic comparisons can help quantify the broad-based success of the US broadband economy and substantially disprove some of the most common and crucial arguments in favor of government regulation of the Internet.

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The number of families with children headed up by married couples has fallen markedly over the past 30 years. This trend is worrisome because family structure is highly correlated with many measures of economic mobility.

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To meet HUD quotas for mortgages to borrowers at or below the median income where they lived, Fannie and Freddie bought riskier mortgages, even if these mortgages were cash-out refinances.

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Just as in 1914, unrealistic expectations about what the Fed can do are still common. From Secretary McAdoo to now, hope springs eternal, or for at least 100 years, however disappointed by experience.

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In a letter to the editor of the Financial Times, Desmond Lachman outlines the risks of Japan further delaying fiscal consolidation.

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Treasury Secretary Jack Lew (standing) takes his seat for a meeting of the Financial Stability Oversight Council at the Treasury Department in Washington October 6, 2014. Also pictured are U.S. Federal Reserve Chair Janet Yellen (seated, 2nd L) and Federal Deposit Insurance Corporation Chairman Martin Gruenberg (R). REUTERS/Jonathan Ernst

A new Congress is arriving, and it is time to reform FSOC, the “Financial Stability Oversight Council.”

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