Economics

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Senator Sheldon Whitehouse, D-RI, presents his proposal for a carbon tax, followed by debate on its merits.

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“Free” college plans aren’t really about economics. They’re about anti-economics, the belief that incentives don’t matter, that somehow simply putting more money into higher education without any reform will somehow result in a better system.

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The basic economic and political assumptions that justified the IMF’s lending program to Ukraine are far from being realized.This raises serious questions over whether the program is adequately financed and whether it was appropriate in the first place.

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This may support the market explanation for rising executive compensation, as opposed to managerial power.

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Scott Winship

The latest from James Pethokoukis and the AEIdeas blog.

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The Oracle of Omaha predicts how the rush to sharply raise the minimum wage will end. (Spoiler: badly for the people the policy purports to help.)

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A common jobs chart is not as simple as it seems.

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The latest from James Pethokoukis and the AEIdeas blog.

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On Monday, the Supreme Court ruled 5-4 that Maryland’s individual income tax system unconstitutionally discriminates against interstate commerce. The Court’s decision in Maryland Comptroller v. Wynne is a decisive victory for free interstate trade.

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U.S. Senate Committee on Banking, Housing, and Urban Affairs Committee Chairman Richard Shelby (L) and ranking member Sherrod Brown (R) listen, as Federal Reserve Chair Janet Yellen testifies at a hearing on "Semiannual Monetary Policy Report to Congress" on Capitol Hill in Washington, February 24, 2015. World shares held near record highs on Tuesday after Greece produced a list of proposed economic reforms, and the dollar rose on expectations Federal Reserve chair Janet Yellen would signal the Fed was still moving towards raising interest rates.
REUTERS/Kevin Lamarque

A recent op-ed suggests that the financial reform bill proposed by Sen. Shelby could be a Trojan horse for smuggling gifts to banks. This is astonishing, given the bipartisan and balanced nature of the draft reforms.

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