A survey of economists would show a significant difference of opinion concerning optimal policy responses to a recession.
A credit for first-time homebuyers enacted in 2008 has led to a massive tax fraud.
A discussion of the possibility of replacing the California sales tax and personal and corporate income taxes with a broad-based consumption-oriented retail sales tax.
While Obama dithers, troops who need reinforcements are stuck in the line of fire.
The U.S. Senate's version of Obamacare finally is emerging into broad daylight, and the more people see of it, the less popular it should be.
Policy fantasies are dangerous because they cause direct harm, replacing plans that might actually work, and because they spread economic illiteracy that can negatively influence future policies.
Consolidating tax credits would help resolve problems of targeting and awareness, thus making them a better tool for alleviating poverty.
Treasury Secretary Timothy Geithner's appearance in Congress last week to explain how President Barack Obama would overhaul financial regulation elicited the most striking sign yet that the wheels have come off the administration's economic-policy team.
Economic data for the second quarter reveal the first glance at the success (or lack thereof) of stimulus efforts.
The group known as Acorn found itself at the center of a media storm last week, when two young filmmakers exposed the willingness of workers at several of its offices to offer assistance to a nascent prostitution ring.
Countries with deficits that averaged about 20 percent of GDP have historically proceeded down three divergent paths. This paper discusses the historical evidence along each of these three paths and compares the current U.S. situation to past experiences.
There are thousands of offshore wells around the world, and the chances of a serious accident are small--the United States must continue developing new offshore oil resources.
Obama and his advisers must be oblivious to the connections between the American Far Left and fascism.
The decline of the U.S. dollar has led to a rising call for the creation of an alternative to the dollar in the form of a new world currency.
The TED spread is so low that markets must think that governments will work things out.
One of the strangest developments in financial markets this year is the "Lafite effect." It offers a valuable lesson about investing.
Nobody who believes in a strong link between deficits and interest rates can possibly support an expansion of entitlements at this time.
The maze of tax credits that are typically available to low-income individuals under the tax code needs simplifying.
A piece of paper found on the sidewalk near the Capitol may provide an interesting glimpse into the thinking of top policy makers.
Replacing all of the seven different tax credits allowed under the current tax code with a simple policy holds significant promise.
If we wake up a few years from now with socialized medicine, we will have the Blue Dogs to thank for it.
Renowned African-American scholar Henry Louis Gates's brush with the law will, thanks to President Barack Obama, reside in the history books.
The Obama administration began to prepare the ground for another stimulus package last week amid countless signs that the first one is not working.
If Obama's health care plan passes, then we may well end up paying for it with federal slips of paper worth less than California's.
Last week's events practically guaranteed that Ben Bernanke will be sitting in the chairman's office for many years to come.
The president did not "punish" Republican auto-dealers.
Studies of the impact of the economy on presidential elections have found that bad economies tend to hurt incumbent parties.
Obama and his team seem sharply opposed to the view that creative destruction is a valuable economic force.
The problem with Letterman right now is not that he is going after Republicans; it is that he is treating the nation's biggest political celebrity with kid gloves.
President Obama's plan to raise America's corporate taxes to even higher levels will be destructive to U.S. firms' competitiveness.
The California budget crisis may well lead to a second financial calamity that would be far worse than anything experienced over the past eighteen months.
Again and again, Barack Obama has taken a strong stand on an issue only to reverse himself.
This paper measures the incidence of a carbon tax on gasoline using current income and two measures of lifetime income to rank households.
The Democrats' magic word is "inherited," and never before in the history of American politics has a word been so abused.
If the Democrats succeed in passing a bailout package for newspapers, the potential for political harm will be unbounded.
When it comes to taxpayer-funded bailouts, it is an especially good idea to have connections in both parties.
The stimulus bill has set the United States up for a truly momentous year in the history of tax policy.
It looks like there will be another Super Bowl between the New England Patriots and the New York Giants.
A people that respond with such intensity to Susan Boyle's story must still possess the sentiments that have been the source of American greatness.
The Obama administration's fiscal stimulus is more Keynesian--and more radical--than even European leftists'.
The Treasury Department and the Federal Reserve have been running what feels like a scam.
The latest evidence from the economics literature shows that steep economic drops might actually portend good news ahead.
Social Security paid out more in benefits in February than it collected in taxes and interest combined.
President Obama has a huge political debt to the unions and that is why he is avoiding the obvious bankruptcy solution to the auto crisis.
There is still time for the Geithner story to have a happy ending.
What is bigger than the combined economies of India, Russia, Brazil, Spain, and Canada? The U.S. budget deficit over the next ten years, if the Obama budget plan becomes law.
While policymakers stayed relatively quiet last week, financial markets had their biggest rally of the year.
It is no wonder that markets are imploding; Obama is giving us the War on Business.
Until recently, there was wide consensus among macroeconomists that activist fiscal policy was inadvisable.
Obama should stop claiming that Bush policies created the mess that we are in. If they did, then Obama's policies will only make things worse.
A real-time business cycle prediction model indicates that the odds of the current recession lasting into the fourth quarter of 2009 are below 50 percent.
Pursuing short-term remedies at the expense of the nation's long-term fiscal health would be detrimental to the economy.
Until recently there was wide consensus among macroeconomists that activist fiscal policy was inadvisable.
The age of humility and second opinions is coming.
How did Harvard kill Wall Street?
Americans' anticipation of the long-term costs of current policies will offset the effects of the stimulus.
It is time that we expose politicians to the same scrutiny we are applying to the private sector.
What can economics teach you about finding your perfect match? We all might be better off if we sent more valentines.
As bad as the news has been this year, for taxpayers there is much worse news to come.
Until recently, there was wide consensus among macroeconomists that activist fiscal policy was inadvisable.
In the next month, Obama will set a tone for Washington that will likely endure as long as he does.
Barack Obama's proposed economic stimulus is more than twice as large as the biggest previous fiscal boost.
Timothy Geithner'stax episode is more reason to support him, not less.
Government spending as a share of GDP is practically guaranteed to go down on Obama's watch.
Unrestrained capitalism was not the cause of the current global recession.
When considering an economic stimulus package, U.S. lawmakers should be concerned about containing unsustainable spending and restoring the nation's long-run fiscal health.
The government should promote energy-saving home improvements, which, although they save homeowners a little, can have an enormous public benefit.
Abipartisan panel should be appointed to oversee the recount in the Minnesota Senate race between Al Franken and Norm Coleman.
AEI Online
December 23, 2008
One critical economic question surrounding cap-and-trade is how to distribute the permits.
If we look back and see only a worse-than-normal recession, then the George W. Bush legacy will depend on the future of Iraq and its role in smoothing out the Middle East. In the best-case scenario, Bush will have been a good president.
It will probably be years before we fully understand what drove the world's economies into recession. But we do know one thing: countries that were less free fared worse.
Should there be a bailout for the masses?
The strain imposed on the hedge fund industry by the financial crisis is being exacerbated by an extraordinary number of redemption requests from investors.
Does the United States favor the rich in comparison to other countries?
Robert Rubin, former Treasury secretary and current Citigroup Inc. director and senior counselor, found himself in the middle of a media storm.
Why are markets predicting apocalypse?
Bailing out U.S. automakers is good politics, but not good leadership.
AEI Online
November 24, 2008
Democrats in Congress have asked the "Big Three" domestic automakers to provide a plan by early December that would return the auto industry to profitability.
Economics is like sports. Sometimes you get slaughtered, but if you believe in yourself and keep fighting, you can win again.
As Republican politicians and pundits look forward to spending at least two years in the opposition, they must decide on its character.
It is an open question whether the history books will call this "the Panic of 2008."
Given the widespread concern over voter fraud, the next president should consider a reform.
Bargain hunting is the only thing that can save us.
The president should select two superstars, perhaps one from each political party, and give them recess appointments to the Fed.
That financial events and freakish sunspot behavior are coinciding will doubtlessly encourage nonsensical speculation by astrologers.
Government officials can defuse a panic by providing clear and accurate information in a timely manner.
The financial crisis is beginning to feel a lot like the "Lord of the Rings."
The financial crisis of the past year has provided a number of surprising twists and turns.
The tax share of the rich has gone up a lot more since 2000 than their income share has.
Democrats in Congress could have been constrained by their own rhetoric in the last election cycle.
AEI Online
September 9, 2008
The tax share of the rich has gone up a lot more since 2000 than their income share has.
It seems likely the Democrats will face the tougher and more treacherous questions in the presidential debates.
The Democrats have failed to offer any substantive changes to their economic platforms.
AEI Online
August 26, 2008
The auto industry's failure to keep up with competition and adjust to new market demands is worsened by a tax structure that discourages production.
Americans probably respond more to gasoline prices because tanking up is a uniquely painful experience.
Workers will have better jobs if the United States is a more attractive climate for corporations. That means we need to reduce corporate taxes, not increase them.
The auto industry's failure to keep up with competition and adjust to new market demands is worsened by a tax structure that discourages production.
The privatization of roads would be a long-term solution to improving our transportation infastructure.
Our energy policy must rationally encourage innovation and conservation and pay attention to the environmental impact of our choices. And if we want oil prices to decline, drill.
The crisis at Fannie Mae and Freddie Mac providedanother blow to the U.S. economy, causing some to point an accusing finger atthe free market itself.
The problems in the housing market continue to put downward pressure on the economy.
Divorce is becoming an economic burden for American society.
The Federal Reservemay have to address inflation sooner than it would like in order to avoid reliving the economic problems of the early eighties.
Rich nations find it too inconvenient to wean themselves from shameful and morally indefensible agricultural policies.
Inflation could climb to double digits, as it was in the early 1980s.
Home bias in basketball could be a way for the NBA to extend playoff series and generate more revenue.
Entrepreneurs have succeeded in the United States because government has historically stayed out of the way.
After the congressional testimony of Michael Masters and George Soros, Senator Joe Lieberman is proposing a speculation investment ban.
If a Democratic-leaning press can convince everyone that the economy is in recession, then it can influence the election.
In the latest Senate energy bill, the proposed 25 percent windfall-profits tax on oil companies shows a lack of understanding of basic economics.
The Congressional Budget Office's baseline is a contrivance without any economic merit that was clearly conceived by politicians who despise tax cuts and love spending.
Youth sports shape the economic, academic, and social prospects of Americans.
The swing states in the 2008 election are going through tough economic times, which benefits the Democratic candidate.
The listing of the polar bear as a threatened species under the Endangered Species Act will almost surely go down in history as the turning point in the global warming debate.
Listing polar bears as endangered could seal a cap-and-trade response to carbon emissions and end Arctic oil and gas exploration.
The NFL Draft allows a teamto gain players who perform far better than their salaries would indicate.
How youth sports shape the economic, academic, and social prospects of Americans.
Barack Obama and Hillary Clinton are fighting not over policy but personality--a cleavage much more likely to divide voters.
The United States has heavily subsidized the production of corn-based ethanol. The global impact of that policy may lead to a catastrophe.
Clinton and Obama supporters criticize the Bush tax cuts, but with little economic support.
Financial firms need to be prepared in case a rumor crisis occurs; however, the SEC may make it illegal for the company to defend itself.
A newregulatory system is in place that should allow investment banks to flourish once again, without worrying that another run is around the corner.
The majority of U.S. citizens believe hard work--not luck--determines income.
Yale economist Ray Fair has created an econometric model to predict the outcome of the presidential election.
Regulations have been a major culprit in causing the current housing crisis.
There currentcredit crisis is growing, but it is possible that buying bonds may ease the situation.
The tax break that universities recieve allow them to increase their endowment; however, they are not using this money to help the less privileged students.
Evenwhile facingharsh press,Obama still finds support--a lookat the dynamics of his success.
PresidentBush failed to minimize government spending during the past seven years, leaving a costly mistake for the future president to repair.
Lookingat thefacts, one can only conclude that theUnited Statesis a singular nation, and will likely be so for a long, long time.
AEI Online
January 31, 2008
Carbon taxes are more regressive when annual income is used as a measure of economic welfare than when proxies for lifetime income are used.
With oil less and less important to our economy, its high price might even be good news.
Current economic conditions justify the Federal Reserve's aggressive and progressive fed funds rate cut.
The stimulus package would provide some economic insurance against a recession and probably at about the right time--but at a significant cost.
People believe thata recession is just around the corner becausefar too many myths about recessions have made their way into popular culture.
Negative campaign ads may be effective, but they produce a backlash that erases any benefit.
FOMC members should rely on the best available economic science, nottheir own perceived infallibility, when making pronouncements about the economy.
A twenty-first-century energy policy would shift the United States away from fossil fuels and toward renewable energy while reducing the cost to taxpayers and aligning private and social interests.
Two thousand seven is ending on notes of economic good news.
Government meddling in sovereign business is likely to be counterproductive.
Spending on health care takes up about double the share of GDP that it took thirty years ago.
Although U.S. government assistance has dramatically increased for low-income families with children, the childless poor have been forgotten.
Are we in a recession? The empirical answer is "no."
Democrats in Congress are losing popularity because they are not living up to their promises.
Reformatting the debate structure would force presidential candidates to be more substantive.
Studies show that increased exercise during the holidays could begin to combat the obesity epidemic.
Movies on the war in Iraq are not suffering at the box office because they are about the war.
To fund the Democrats' promised programs, we would need to have one of the highest marginal income tax rates in the developed world.
The debate over the Bush tax cuts is heating up, and the Democrats are not making any sense.
Wine investment has unbelievably high returns.
Charles Rangel and Hillary Clinton share the broad goal of progressive tax reform.
A new book on how supply-side economics is bad for the country.
Many parents are not in tune with the amusements and activities of children today.
IfHenry Paulson'ssuperconduit works, he will be remembered as a great Treasury secretary.
Perhaps Al Gore should run for president in 2008 after all.
Despite Democrat promises for earmark reform, free-spending habits persist.
The deal between the United Auto Workers and General Motors Corporation may well go down as the most important agreement in the long history of U.S. labor relations.
The current housing mess does have an explanation.
An overwhelming majority of Americans have rejectedHillary Clinton's grand vision of a government-run health care bureaucracy.
Amicus brief on the Writ of Certiorari to the Court of Appeals of Kentucky.
Corruption at the World Bank renders it impotent to perform its development tasks.
Though the United Statesmay be facing an employment recession, there is still hope.
President George W. Bush revealed last week his policy response to the mortgage crisis.
Has the U.S. housing market hit bottom?
What would happen if the United States were to adoptthe Value Added Tax (VAT)?
AEI Online
August 9, 2007
What is wrong with current U.S. energy tax policy? What kind of policy is appropriate for the twenty-first century?
A new bill could turn America's currently inefficient and maddening energy policy on its head.
AEI Online
August 1, 2007
Despite the frequency of tax changes and their potential importance to investors, there has been relatively little modeling of anticipated tax changes.
ALaffer curve has existed in the international corporate tax sphere since the 1980s.
The United States is thriving economically, but you wouldn't know it from the rhetoric of the Democrats.
A look at the economic factors that have made the Harry Potter series so successful.
A plan to establish congestion pricing in New York City is not perfect, but it is much better than the status quo.
A brief examination of the American obsession with work.
A new model provides insight into the Federal Reserve's upcoming moves.
The Congressional attack on successful private-equity and oil companies is unjustified and sets a damaging precedent.
Testimony on reforming the alternative minimum tax (AMT) such that it does not needlessly harm uninformed taxpayers.
Congress can ease Americans' economic burden this year by reforming the federal alternative minimum tax law.
Why did the Federal Reserve agree to launder money for North Korea?
At the G8 summit, the United States and others took small but important steps toward enactinglegitimate climate-change policies.
A brief examination of the relationship between the carbon tax issueand the American coal industry.
This report examines the taxation of corporate gains on depreciable business property, an important topic that has received little attention in the economic literature.
Transparency is the best way to deal with tainted food from China and elsewhere.
Corporate capital gains deserve a closer look.
Which climate policy approach will succeed the Kyoto Protocol: cap-and-trade or a carbon tax?
Are gas prices excessive or simply a response to current market conditions?
The Bush administration can continue the Wolfowitz reforms at the World Bank--or withdraw from it altogether.
A brief examination of Americans' mounting revolt against rising property taxes.
Barack Obama talks about "innovative approaches," but his policies are tired and economically retrograde.
Why are politically unfree countries enjoying more economic growth than those that are politically free?
Sportswriters and economists have different opinions when it comes to choosing the winners and losers of this year's NFL draft.
The tax beast that has evolved in this land may be a monstrosity, but it is our monstrosity.
Grading the Democratic candidates.
Paul Wolfowitz's personnel missteps were merely the pretext for a campaign to discredit his anticorruption agenda.
National Review
April 16, 2007
Nancy Pelosi's House of Representatives should reconsider its bold plans and aim smaller.
Early American history was a conservative's nirvana: it was one long tax revolt.
The Bush administration's tax cuts have received an enormous amount of attention in recent weeks, with Democrats signaling they'll try to let them expire in 2010.
Simply figure out how muchto save in order to have about the same level of spending every year. When your income is high, save money instead for the yearswhen yourincome is low.
The Republican Party is at a historical crossroads. Only one side can win.
The U.S. economy has prospered because free markets work. It isnot a nightmare--it is a dream.
AEI Online
March 16, 2007
Congress should stop using programs with a track record of little success and start using ones that will provide students with the financial-aid system they deserve.
Greenspan understands the economy like no one else. He should speak freely, not muffle his opinions.
The U.S. economy is in a very strange place. A wild ride may be in store.
Old comic books have been among the best-performing collectibles,beating coins and antiques. Will the future for superheroes will be as fantastic as the past?
What do economists know that NFL coaches do not about drafts and salary caps?
Recent increases in student-loan allowances fail to address the fundamental flaws in an embarrassingstudent-aid system.
By not paying their taxes, millions of Americans are contributing to the national deficit.
Celebrities who know they can't be replaced behave the worst--but as society becomes more fluid, everybody can be replaced.
What treasury secretary Henry Paulson should say.
In his State of the Union address, President Bush announced a policy that makes no sense whatsoever.
Imagine that some Republican visionary reminds Americans that Democrats refused to address our nation's biggest problems, instead enacting populist junk food.
AEI Online
January 19, 2007
Does the Census Bureau's annual population survey present an accurate picture?
Those opposed to the war will huff and puff about the escalation, but do nothing to impede it.
Whichever party is in opposition claims the fiscal-hawk mantle. The party in power pays lip service to fiscal responsibility, but ignores it in practice.
Wine, it turns out, may be more fun to invest in than to drink.
Most of the mainstream media have consistently characterized the current U.S. economy as rewarding the rich at the expense of everyone else.
The report by the Iraq Study Group added fuel to the fiery foreign and defense-policy debate last week, but it also focused the attention of budget experts on the past and future costs of the war.
If you are scratching your way through a holiday gift list, you may want to enter the latest evidence into your shopping calculations.
Last week, a report by a committee of academics and business executives drew on much research and made a convincing case: U.S. financial markets have become painfully overregulated.
In what seemed a coordinated character-assassination campaign, Democrats came out spewing venom toward President Bush’s nomination of Andrew Biggs for deputy commissioner of Social Security.
Our national energy tax policy is misguided in at least three ways.
Who has it right and who has it wrong in the economics of managing an NFL football team.
If the Democrats try to fix the alternative minimum tax, they will have no money left for any other initiative.
Anew type of Democrat has emerged that may significantly alter the political landscape for years to come. That person is hard right on social issues, but hard left on economics.
The collapse in new housing activity and weakness in the auto market are a drag, but strength elsewhere has kept the economic engine operating on all cylinders.
Of all the terrors lurking in the streets and alleys across the U.S. tomorrow night, the economics of Halloween may be the most horrific.
No national figures have spelled out the policies Republicans would pursue in 2007, but a list of possibilities provides an interesting glimpse at what a new Contract with America might look like.
Democrats have been handed a golden opportunity to redefine their tired image and build momentum to generate a lasting majority. That opportunity has been utterly squandered.
Those who would redistribute from the "rich" to the middle class will inevitably favor taking money from those who work hard and giving it to those who work less hard.
The proof is in the pudding: The times are better than they used to be. The middle class is flourishing and optimistic.
If you play sports long enough, every now and then you wind up in a game where every break goes against you.
Building a fence is a strange move for the party of Ronald Reagan, whose call to tear down the Berlin wall ranks as one of the most memorable lines of the 20th Century.
With housing inventories high and prices getting ready to drop even more, the question is, what should you do about it?
In a blow to the college-bound everywhere, Harvard University announced last week that it would end its process of early admissions.
If 9/11 had never occurred, we would all be better off, but the biggest economic winners might have been the world's Muslims.
So here's a simple proposal: rather than call this holiday "Labor Day," we should rename it something that recognizes that labor is but one part of the production process.
One of Dada's founders, artist Tristan Tzara, once said that "God and my toothbrush are Dada." So too is MoMA's study.
If the Fed increases rates again later this year it will be a welcome break from the recent policy pattern.
The economic costs of our airport securitywill be high, but well worth it.
Citizens of the world can be fooled by good GDP numbers and low unemployment into forgetting how much economic harm is caused by the terrorists, even when their plots are foiled.
Republicans are losing because they are doing a bad impression of the Democrats.
The battle againsthackers on the Internet is turning decidedly against the good guys.
The fact is, on most important issues, Americans on the left and the right believe in the same things.
What would happen to the world economy if a wider war ignited? If history is a guide, the fallout could be significant.
A higher minimum wage is terrible economic policy and Americans know it.
To what are wage rates responsive? Does labor bear the burden of taxes?
The American League is dominating the National League, and it is all about economics.
Because R&D drives the economy, the U.S. government needs a better system for funding R&D.
The whole energy debate suffers from a distinct lack of logic.
The "Stop Over-Spending Act" is exactly the type of legislation that might help curb budget growth.
Fed chairman Ben Bernanke has become the perfect scapegoat.
Bush appealed to Paulson's patriotism and convinced him that his country needs him.
Snowcomes off a lot better than he's been portrayed in the press and by the perfunctory praise offered by administration officials.
There is little question that once-high-flying trial lawyers are on the ropes, butreforms that inconvenience the trial bar have been blocked by Democrats whenever possible.
Republicans would be in deep trouble if Democrats gave up their political sadomasochism and began trolling for innovative policy ideas and productive debate.
For every Democrat you show me who is not a Republican, I'll show you a Republican who's not a Republican.
Can economics declare which team was the big winner in last weekend's NFL draft?
Current policy subsidizes, perhaps excessively, alternative fuels and energy exploration, but hasn't done so in a manner that could possibly have had much impact on oil prices.
Hillary Clintonis comfortable enough that she already has the nomination in the bag that she is running toward the center ahead of the primaries.
Collegeacceptance rates are way down. Was this just an unusually bad year, or a sign of worse things to come?
Of all the immigration proposals out there, only one has its economics right.
A review of Bruce Bartlett's Impostor.
The French, apparently unhappy that an innovative American company is so popular in France, have decided to engage in piracy.
Don't blame the cad Barry Bonds for what's happening, blame the owners and Bud Selig. They, not he, should be banned from Cooperstown.
Washington was abuzz last week when former Treasury secretary Robert Rubin turned down a personal appeal from PresidentBush for help with a bipartisan commission to reduce entitlement costs.
Technology has changed, and a better form of art is on the way.
What is the link between taxes and manufacturing wages?
Two new reports shed devastating light on the federal government's response to Hurricane Katrina.
Reeling from bad publicity and diminished expectations, the Bush administration is about to get a much-needed shot in the arm from the economy.
In a capital city that is full of shameless political scams, ethanol is perhaps the most egregious.
Setting corporate income tax rates too high risks losing revenue.
AEI Online
February 10, 2006
Have drug discovery efforts been less successful in the recent past?
President George W. Bush called for a bipartisan commission to recommend fixes for our entitlement programs. This proposal was a sign of weakness.
One economist's reaction to the State of the Union address.
Bernanke may soon be the new sheriff in town, but there are a number of players getting ready to challenge him.
The cost of health care is on a constant rise anda number of reports suggest that the issue will be featured prominently in President George W. Bush's upcoming State of the Union address.
Would the war in Iraq pass a cost-benefit test?
AEI Online
January 17, 2006
An extended analysis of Auerbach and Hassett's 2005 study, "The 2003 Dividend Tax Cuts and the Value of the Firm."
A look at the latest economic data suggests an obvious change that should have broad bipartisan appeal: a cut in the corporate tax.
Even if GDP soars, financial markets might continue behaving in ways that defy the economic data unless stable and democratic governments take root in the Middle East.
What are the effects of dividend taxation?
What world leader was history's greatest champion of the poor? The data overwhelmingly favor a single candidate: Ronald Reagan.
Gifts areeconomically efficient if theygiverecipientsthings they have never tried before but end up liking.Ifyou can't think ofwhat that might be, give cash.
It's irresponsible for leading politicians to vilify our nation's largest private employer. That their leading political advisers arelining their pockets with union cash makes it evenmore disgusting.
The odds of a big bipartisan effort toward fundamental changes dropped to very, very low last week. It will probably be 2009 before a significant economic policy initiative is pursued.
AEI Online
December 6, 2005
We construct a computational dynamic stochasticand explore the impact of policy stickiness on optimal long-run fiscal policy.
AEI Online
December 6, 2005
The study of the incidence of the U.S. tax system has a long and impressive history that has proceeded along many different complementary paths.
AEI Online
December 6, 2005
The Jobs and Growth Tax Relief Act of 2003contained a number of significant tax provisions, but the most noteworthy may have been the reduction in dividend tax rates.
The possibility for corruption in appropriating money is so strong that severe measures must be taken to protect the integrity of the process.
The Federal Reserve is having some difficulty handling the transition to a new chairman.
With President Bush's approval rating at a low point and with House Republicans divided over spending, we are exactly where we need to be if we are to have meaningful tax reform.
No government, especially a Republican one, should allow bureaucrats to wage a costly and shameful war against America's businesses.
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