AEI.Org: Scholar: Kevin A. Hassett

Dollar's Demise Traces Roots to U.S. Tax Trap

Mon, 16 Nov 2009 00:00:00 +0100

The dollar has tanked this year, though the drop has been fairly steady and orderly. That may be about to change.

U.S. Should Try Germany's Unemployment Medicine

Mon, 09 Nov 2009 00:00:00 +0100

Work-sharing would do the trick. The sad fact is, the labor market is still bleeding jobs. German medicine might help.

Republicans Are Smarter, No Matter Obama's Scorn

Tue, 03 Nov 2009 00:00:00 +0100

Whether in the halls of academia or broad swaths of America's news media, a watchword of liberal faith is that Democrats have the corner on smarts.

Toddlers Buy Houses When Stimulus Trumps Reason

Mon, 26 Oct 2009 00:00:00 +0100

A credit for first-time homebuyers enacted in 2008 has led to a massive tax fraud.

Fundamental Tax Reform in California

Mon, 26 Oct 2009 00:00:00 +0100

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.

ObamaCare Debate Risks Lives of More U.S. Troops

Mon, 19 Oct 2009 00:00:00 +0100

While Obama dithers, troops who need reinforcements are stuck in the line of fire.

Obamacare Tax Frays Middle-Class Vow

Mon, 12 Oct 2009 00:00:00 +0100

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.

Hand Over Your Job If You Want to Dream in Green

Mon, 05 Oct 2009 00:00:00 +0100

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.

Simplifying Tax Credits for Low-Income People

Mon, 05 Oct 2009 00:00:00 +0100

Consolidating tax credits would help resolve problems of targeting and awareness, thus making them a better tool for alleviating poverty.

Obama's Too-Big-to-Fail Plan Is Too Dumb to Pass

Mon, 28 Sep 2009 00:00:00 +0100

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.

Stimulating Foreigners

Mon, 21 Sep 2009 00:00:00 +0100

Economic data for the second quarter reveal the first glance at the success (or lack thereof) of stimulus efforts.

As Acorn Falls, Democrats Would Be Wise to Duck

Mon, 21 Sep 2009 00:00:00 +0100

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.

Big Spill's Bad Timing Puts Oil Drilling at Risk

Mon, 14 Sep 2009 00:00:00 +0100

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 Heeds Dictator Handbook with School Speech

Tue, 08 Sep 2009 00:00:00 +0100

Obama and his advisers must be oblivious to the connections between the American Far Left and fascism.

Dollar Is Funny Money in Push for World Currency

Mon, 31 Aug 2009 00:00:00 +0100

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.

Start Spreading the TED

Mon, 24 Aug 2009 00:00:00 +0100

The TED spread is so low that markets must think that governments will work things out.

Investors Don't See Bubble While Drunk on Lafite

Mon, 24 Aug 2009 00:00:00 +0100

One of the strangest developments in financial markets this year is the "Lafite effect." It offers a valuable lesson about investing.

Cheney Was Right All Along about Budget Deficits

Mon, 17 Aug 2009 00:00:00 +0100

Nobody who believes in a strong link between deficits and interest rates can possibly support an expansion of entitlements at this time.

Moving toward a Unified Credit for Low-Income Workers

Mon, 10 Aug 2009 00:00:00 +0100

The maze of tax credits that are typically available to low-income individuals under the tax code needs simplifying.

Terrorist Teas, Botox Subsidies Top Fall Agenda

Mon, 10 Aug 2009 00:00:00 +0100

A piece of paper found on the sidewalk near the Capitol may provide an interesting glimpse into the thinking of top policy makers.

Blue Dogs Bark, Don't Bite Socialized ObamaCare

Mon, 03 Aug 2009 00:00:00 +0100

If we wake up a few years from now with socialized medicine, we will have the Blue Dogs to thank for it.

Obama's Inner Radical Unbound in Gates Cop Case

Mon, 27 Jul 2009 00:00:00 +0100

Renowned African-American scholar Henry Louis Gates's brush with the law will, thanks to President Barack Obama, reside in the history books.

Stimulus Is Bankrupt Antidote to Failed Stimulus

Mon, 13 Jul 2009 00:00:00 +0100

The Obama administration began to prepare the ground for another stimulus package last week amid countless signs that the first one is not working.

California's Nightmare Will Kill Obamanomics

Mon, 06 Jul 2009 00:00:00 +0100

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.

Bernanke Break Means Reappointment Is Assured

Mon, 29 Jun 2009 00:00:00 +0100

Last week's events practically guaranteed that Ben Bernanke will be sitting in the chairman's office for many years to come.

Obama Is Innocent

Mon, 29 Jun 2009 00:00:00 +0100

The president did not "punish" Republican auto-dealers.

Recession Blues

Mon, 22 Jun 2009 00:00:00 +0100

Studies of the impact of the economy on presidential elections have found that bad economies tend to hurt incumbent parties.

Obama Flubs Schumpeter Creative Destruction 101

Mon, 22 Jun 2009 00:00:00 +0100

Obama and his team seem sharply opposed to the view that creative destruction is a valuable economic force.

Joke's on Letterman as Other Comics Roast Obama

Mon, 15 Jun 2009 00:00:00 +0100

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.

Obama Tells American Businesses to Drop Dead

Mon, 08 Jun 2009 00:00:00 +0100

President Obama's plan to raise America's corporate taxes to even higher levels will be destructive to U.S. firms' competitiveness.

California Leads Nation to Bond Default Abyss

Mon, 01 Jun 2009 00:00:00 +0100

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.

Deceiver-in-Chief Darts Left, Right, Dizzies All

Tue, 26 May 2009 00:00:00 +0100

Again and again, Barack Obama has taken a strong stand on an issue only to reverse himself.

Inheriting $4.8 Trillion Will Leave You Broke

Mon, 18 May 2009 00:00:00 +0100

The Democrats' magic word is "inherited," and never before in the history of American politics has a word been so abused.

Failed Liberal Newspapers Earn Boot, Not Bailout

Mon, 11 May 2009 00:00:00 +0100

If the Democrats succeed in passing a bailout package for newspapers, the potential for political harm will be unbounded.

Goldman Sachs Foreshadowed UAW's Chrysler Coup

Mon, 04 May 2009 00:00:00 +0100

When it comes to taxpayer-funded bailouts, it is an especially good idea to have connections in both parties.

NFL Draft Signals Giants-Patriots Super Rematch

Tue, 28 Apr 2009 00:00:00 +0100

It looks like there will be another Super Bowl between the New England Patriots and the New York Giants.

U.K.'s Sudden Star Boyle Revives American Dream

Mon, 20 Apr 2009 00:00:00 +0100

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.

Overstimulated

Mon, 20 Apr 2009 00:00:00 +0100

The Obama administration's fiscal stimulus is more Keynesian--and more radical--than even European leftists'.

Fed's Flood May Leave Democracy Needing Bailout

Mon, 13 Apr 2009 00:00:00 +0100

The Treasury Department and the Federal Reserve have been running what feels like a scam.

Milton Friedman's "Pluck" Gives Hope to Jobless

Mon, 06 Apr 2009 00:00:00 +0100

The latest evidence from the economics literature shows that steep economic drops might actually portend good news ahead.

Recession Bites into Social Security's Surplus

Mon, 30 Mar 2009 00:00:00 +0100

Social Security paid out more in benefits in February than it collected in taxes and interest combined.

Auto Union Drove GM to Trouble

Mon, 30 Mar 2009 00:00:00 +0100

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.

Geithner May Find Courage in Inevitable Ouster

Mon, 23 Mar 2009 00:00:00 +0100

There is still time for the Geithner story to have a happy ending.

A World-Class Deficit

Mon, 23 Mar 2009 00:00:00 +0100

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.

Obama Can Help Stocks with a Year-Long Vacation

Mon, 16 Mar 2009 00:00:00 +0100

While policymakers stayed relatively quiet last week, financial markets had their biggest rally of the year.

"Manchurian Candidate" Starts War on Business

Mon, 09 Mar 2009 00:00:00 +0100

It is no wonder that markets are imploding; Obama is giving us the War on Business.

Obama Spending Shocks in Scale, Builds Upon Bush

Mon, 02 Mar 2009 00:00:00 +0100

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.

When Will the Recession Be Over?

Sun, 01 Mar 2009 00:00:00 +0100

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.

The Second Coming of Keynes

Mon, 23 Feb 2009 00:00:00 +0100

Until recently there was wide consensus among macroeconomists that activist fiscal policy was inadvisable.

Ivy League White House Mimics Finance Masters

Mon, 23 Feb 2009 00:00:00 +0100

The age of humility and second opinions is coming.

Harvard Narcissists with MBAs Killed Wall Street

Tue, 17 Feb 2009 00:00:00 +0100

How did Harvard kill Wall Street?

Stimulating Consumers?

Wed, 11 Feb 2009 00:00:00 +0100

Americans' anticipation of the long-term costs of current policies will offset the effects of the stimulus.

Washington's Future Billionaires Need Salary Cap

Mon, 09 Feb 2009 00:00:00 +0100

It is time that we expose politicians to the same scrutiny we are applying to the private sector.

How to Get a Bead on Your True Love

Mon, 09 Feb 2009 00:00:00 +0100

What can economics teach you about finding your perfect match? We all might be better off if we sent more valentines.

Enjoy Stimulus Now, Pay Your $14,000 Share Later

Mon, 02 Feb 2009 00:00:00 +0100

As bad as the news has been this year, for taxpayers there is much worse news to come.

Obama's First Civility Test Is Pelosi's Manners

Mon, 26 Jan 2009 00:00:00 +0100

In the next month, Obama will set a tone for Washington that will likely endure as long as he does.

Super-Sized Stimulus

Mon, 26 Jan 2009 00:00:00 +0100

Barack Obama's proposed economic stimulus is more than twice as large as the biggest previous fiscal boost.

Geithner Taxed by Kafka-Like Code, Should Fix It

Tue, 20 Jan 2009 00:00:00 +0100

Timothy Geithner'stax episode is more reason to support him, not less.

Obama Will Spend Less--Way Less!--Than Bush

Mon, 19 Jan 2009 00:00:00 +0100

Government spending as a share of GDP is practically guaranteed to go down on Obama's watch.

The Lesson From the Crisis: Regulations Are Worthless

Sun, 18 Jan 2009 00:00:00 +0100

Unrestrained capitalism was not the cause of the current global recession.

Trillion-Dollar Spree Is Road to Ruin, Not Rally

Mon, 12 Jan 2009 00:00:00 +0100

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.

Obama's Billions Could Render Furnaces Obsolete

Mon, 05 Jan 2009 00:00:00 +0100

The government should promote energy-saving home improvements, which, although they save homeowners a little, can have an enormous public benefit.

Minnesota's Recount Fiasco Needs New Solution

Mon, 29 Dec 2008 00:00:00 +0100

Abipartisan panel should be appointed to oversee the recount in the Minnesota Senate race between Al Franken and Norm Coleman.

Bush's Legacy May End Up Better Than You Think

Mon, 22 Dec 2008 00:00:00 +0100

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.

The Regulators' Rough Ride

Mon, 15 Dec 2008 00:00:00 +0100

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.

New $3 Trillion Bailout Is Coming to the Masses

Mon, 15 Dec 2008 00:00:00 +0100

Should there be a bailout for the masses?

Hedge Fund Roach Motels Might Just Be a Blessing

Mon, 08 Dec 2008 00:00:00 +0100

The strain imposed on the hedge fund industry by the financial crisis is being exacerbated by an extraordinary number of redemption requests from investors.

Re: Distribution

Mon, 01 Dec 2008 00:00:00 +0100

Does the United States favor the rich in comparison to other countries?

Citigroup, Rubin's Good Names Belie Sorry Record

Mon, 01 Dec 2008 00:00:00 +0100

Robert Rubin, former Treasury secretary and current Citigroup Inc. director and senior counselor, found himself in the middle of a media storm.

The Four Horsemen of Barack Obama

Mon, 01 Dec 2008 00:00:00 +0100

Why are markets predicting apocalypse?

Obama Scores A's in Politics, Flunks Leader Test

Mon, 24 Nov 2008 00:00:00 +0100

Bailing out U.S. automakers is good politics, but not good leadership.

Recession Will Be Less Damaging without Bailouts

Mon, 17 Nov 2008 00:00:00 +0100

Economics is like sports. Sometimes you get slaughtered, but if you believe in yourself and keep fighting, you can win again.

Republican Tone Might Transform Toxic Politics

Mon, 10 Nov 2008 00:00:00 +0100

As Republican politicians and pundits look forward to spending at least two years in the opposition, they must decide on its character.

Panic of 2008 Is Better Than the Alternative

Mon, 03 Nov 2008 00:00:00 +0100

It is an open question whether the history books will call this "the Panic of 2008."

How to Steal the Election in a Few Simple Steps

Mon, 27 Oct 2008 00:00:00 +0100

Given the widespread concern over voter fraud, the next president should consider a reform.

Sale of the Century

Mon, 20 Oct 2008 00:00:00 +0100

Bargain hunting is the only thing that can save us.

Bush Needs to Send in Reinforcements to the Fed

Mon, 20 Oct 2008 00:00:00 +0100

The president should select two superstars, perhaps one from each political party, and give them recess appointments to the Fed.

Don't Let Sunspots or Headlines Make You Panic

Mon, 13 Oct 2008 00:00:00 +0100

That financial events and freakish sunspot behavior are coinciding will doubtlessly encourage nonsensical speculation by astrologers.

SARS Response Offers Lessons for Credit Panic

Mon, 06 Oct 2008 00:00:00 +0100

Government officials can defuse a panic by providing clear and accurate information in a timely manner.

Magic Ring to Save Us May Be Accounting Overhaul

Mon, 29 Sep 2008 00:00:00 +0100

The financial crisis is beginning to feel a lot like the "Lord of the Rings."

How the Democrats Created the Financial Crisis

Mon, 22 Sep 2008 00:00:00 +0100

The financial crisis of the past year has provided a number of surprising twists and turns.

The Rich, Soaked

Mon, 15 Sep 2008 00:00:00 +0100

The tax share of the rich has gone up a lot more since 2000 than their income share has.

Big-Spending Democrats Squander Trust of Voters

Mon, 15 Sep 2008 00:00:00 +0100

Democrats in Congress could have been constrained by their own rhetoric in the last election cycle.

Democratic Storyline Can't Survive the Debates

Mon, 08 Sep 2008 00:00:00 +0100

It seems likely the Democrats will face the tougher and more treacherous questions in the presidential debates.

From Democrats, Change That's Difficult to Find

Tue, 02 Sep 2008 00:00:00 +0100

The Democrats have failed to offer any substantive changes to their economic platforms.

Drill, Don't Redistribute

Mon, 18 Aug 2008 00:00:00 +0100

Americans probably respond more to gasoline prices because tanking up is a uniquely painful experience.

Democrats Offer Lesson in Misleading on Taxes

Mon, 18 Aug 2008 00:00:00 +0100

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.

Corporate Taxes Are Killing U.S. Auto Industry

Mon, 11 Aug 2008 00:00:00 +0100

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.

Highways to Hell Should Go on Auction Block

Mon, 04 Aug 2008 00:00:00 +0100

The privatization of roads would be a long-term solution to improving our transportation infastructure.

Start Drilling Now to Lower Oil, Gasoline Prices

Mon, 28 Jul 2008 00:00:00 +0100

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.

Fair-Weather Capitalism Sweeps U.S. in Crisis

Mon, 21 Jul 2008 00:00:00 +0100

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.

Nobody Home

Mon, 14 Jul 2008 00:00:00 +0100

The problems in the housing market continue to put downward pressure on the economy.

Christie Brinkley Is Not the Only Victim of Divorce

Mon, 14 Jul 2008 00:00:00 +0100

Divorce is becoming an economic burden for American society.

World's Poor Hunger for Free Trade

Mon, 07 Jul 2008 00:00:00 +0100

Rich nations find it too inconvenient to wean themselves from shameful and morally indefensible agricultural policies.

Inflation Menace Has Echoes of Volcker's Days

Mon, 30 Jun 2008 00:00:00 +0100

Inflation could climb to double digits, as it was in the early 1980s.

NBA Home Bias Suggests Referees Committing Fouls

Mon, 23 Jun 2008 00:00:00 +0100

Home bias in basketball could be a way for the NBA to extend playoff series and generate more revenue.

Entrepreneurial Exceptionalism

Mon, 16 Jun 2008 00:00:00 +0100

Entrepreneurs have succeeded in the United States because government has historically stayed out of the way.

Lieberman Makes Risky Bet in Speculation-Ban Bid

Mon, 16 Jun 2008 00:00:00 +0100

After the congressional testimony of Michael Masters and George Soros, Senator Joe Lieberman is proposing a speculation investment ban.

Seeing Recession When There's None to Be Found

Mon, 09 Jun 2008 00:00:00 +0100

If a Democratic-leaning press can convince everyone that the economy is in recession, then it can influence the election.

Oil Tax Exposes Democrats' Economic Illiteracy

Mon, 02 Jun 2008 00:00:00 +0100

In the latest Senate energy bill, the proposed 25 percent windfall-profits tax on oil companies shows a lack of understanding of basic economics.

Pork Projects Thrive in Democrats' Spending Scam

Tue, 27 May 2008 00:00:00 +0100

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.

States of Recession

Mon, 19 May 2008 00:00:00 +0100

The swing states in the 2008 election are going through tough economic times, which benefits the Democratic candidate.

Polar Bear Ruling to Bring Tsunami of Lawsuits

Mon, 19 May 2008 00:00:00 +0100

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.

Polar Bears Threatening to Deliver Us $200 Oil

Mon, 12 May 2008 00:00:00 +0100

Listing polar bears as endangered could seal a cap-and-trade response to carbon emissions and end Arctic oil and gas exploration.

Lowly Ravens, Falcons Fly High in College Draft

Mon, 05 May 2008 00:00:00 +0100

The NFL Draft allows a teamto gain players who perform far better than their salaries would indicate.

Little League, Huge Effect

Thu, 01 May 2008 00:00:00 +0100

How youth sports shape the economic, academic, and social prospects of Americans.

Obama-Clinton Battle Will Haunt Party's Nominee

Mon, 28 Apr 2008 00:00:00 +0100

Barack Obama and Hillary Clinton are fighting not over policy but personality--a cleavage much more likely to divide voters.

Food Crisis Shows How Bad Policies Can Be Deadly

Mon, 21 Apr 2008 00:00:00 +0100

The United States has heavily subsidized the production of corn-based ethanol. The global impact of that policy may lead to a catastrophe.

Deviant Economics

Mon, 21 Apr 2008 00:00:00 +0100

Clinton and Obama supporters criticize the Bush tax cuts, but with little economic support.

SEC Rule Can Make It a Crime to Defend Yourself

Mon, 14 Apr 2008 00:00:00 +0100

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.

Bear Stampede Outdoes Even "Mary Poppins" Panic

Mon, 07 Apr 2008 00:00:00 +0100

A newregulatory system is in place that should allow investment banks to flourish once again, without worrying that another run is around the corner.

Cronies against Capitalism

Mon, 24 Mar 2008 01:00:00 +0100

The majority of U.S. citizens believe hard work--not luck--determines income.

Here's One Crystal Ball You Can Bet On in 2008

Mon, 24 Mar 2008 01:00:00 +0100

Yale economist Ray Fair has created an econometric model to predict the outcome of the presidential election.

Regulations Are at the Root of U.S. Housing Mess

Mon, 17 Mar 2008 01:00:00 +0100

Regulations have been a major culprit in causing the current housing crisis.

Irrational Pessimism Pummels U.S. Bond Market

Mon, 03 Mar 2008 00:00:00 +0100

There currentcredit crisis is growing, but it is possible that buying bonds may ease the situation.

The College-Endowment Racket

Mon, 25 Feb 2008 00:00:00 +0100

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.

Obama Poses as Change Agent, Sings to the Choir

Mon, 25 Feb 2008 00:00:00 +0100

Evenwhile facingharsh press,Obama still finds support--a lookat the dynamics of his success.

How George Bush, Big Spender, Destroyed Nirvana

Mon, 11 Feb 2008 00:00:00 +0100

PresidentBush failed to minimize government spending during the past seven years, leaving a costly mistake for the future president to repair.

Ignore the Obituaries, U.S. Reign Will Endure

Mon, 04 Feb 2008 00:00:00 +0100

Lookingat thefacts, one can only conclude that theUnited Statesis a singular nation, and will likely be so for a long, long time.

Who's Afraid of $100 a Barrel?

Mon, 28 Jan 2008 00:00:00 +0100

With oil less and less important to our economy, its high price might even be good news.

Fed Got It Right on Rates, If Past Is Any Guide

Mon, 28 Jan 2008 00:00:00 +0100

Current economic conditions justify the Federal Reserve's aggressive and progressive fed funds rate cut.

Forget Economic Stimulus, Fix the U.S. Tax Code

Tue, 22 Jan 2008 00:00:00 +0100

The stimulus package would provide some economic insurance against a recession and probably at about the right time--but at a significant cost.

5 Myths about That Depressing R-Word

Sun, 20 Jan 2008 00:00:00 +0100

People believe thata recession is just around the corner becausefar too many myths about recessions have made their way into popular culture.

Chuck Norris Wins Hands Down over Attack Ads

Mon, 14 Jan 2008 00:00:00 +0100

Negative campaign ads may be effective, but they produce a backlash that erases any benefit.

How to Put Meaning in Worthless Fed Forecasts

Mon, 07 Jan 2008 00:00:00 +0100

FOMC members should rely on the best available economic science, nottheir own perceived infallibility, when making pronouncements about the economy.

The Whys and Hows of Energy Taxes

Tue, 01 Jan 2008 00:00:00 +0100

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.

So Much Economic Good News amid So Little Cheer

Mon, 31 Dec 2007 00:00:00 +0100

Two thousand seven is ending on notes of economic good news.

Sovereign Funds Offer U.S. Big Gains, Small Risk

Mon, 24 Dec 2007 00:00:00 +0100

Government meddling in sovereign business is likely to be counterproductive.

Tribbulations

Mon, 17 Dec 2007 00:00:00 +0100

Spending on health care takes up about double the share of GDP that it took thirty years ago.

U.S. War on Poverty Ignores One Group of Victims

Mon, 17 Dec 2007 00:00:00 +0100

Although U.S. government assistance has dramatically increased for low-income families with children, the childless poor have been forgotten.

The Facts Say No

Sun, 16 Dec 2007 00:00:00 +0100

Are we in a recession? The empirical answer is "no."

Tax Fix May Doom Spending Cuts, and Democrats

Mon, 10 Dec 2007 00:00:00 +0100

Democrats in Congress are losing popularity because they are not living up to their promises.

How Futures Trades Can Advance U.S. Democracy

Mon, 03 Dec 2007 00:00:00 +0100

Reformatting the debate structure would force presidential candidates to be more substantive.

At Last, a Simple Exercise to Ward Off Obesity

Mon, 26 Nov 2007 00:00:00 +0100

Studies show that increased exercise during the holidays could begin to combat the obesity epidemic.

Iraq Movie "Curse" Is a Myth Worthy of Hollywood

Mon, 19 Nov 2007 00:00:00 +0100

Movies on the war in Iraq are not suffering at the box office because they are about the war.

Taxes, Taxes, Taxes

Mon, 19 Nov 2007 00:00:00 +0100

To fund the Democrats' promised programs, we would need to have one of the highest marginal income tax rates in the developed world.

Bush Tax Cuts Exploded Clinton-Era Deficit Myth

Mon, 12 Nov 2007 00:00:00 +0100

The debate over the Bush tax cuts is heating up, and the Democrats are not making any sense.

Bottled Poetry Still Offers Killer Returns

Mon, 05 Nov 2007 00:00:00 +0100

Wine investment has unbelievably high returns.

Rangel's "Mother of All" Tax Bills Is "Psycho"

Mon, 29 Oct 2007 01:00:00 +0100

Charles Rangel and Hillary Clinton share the broad goal of progressive tax reform.

So Great a Conspiracy?

Mon, 22 Oct 2007 00:00:00 +0100

A new book on how supply-side economics is bad for the country.

The Games We Play

Mon, 22 Oct 2007 00:00:00 +0100

Many parents are not in tune with the amusements and activities of children today.

Paulson Stakes His Legacy on Subprime Bailout

Mon, 22 Oct 2007 00:00:00 +0100

IfHenry Paulson'ssuperconduit works, he will be remembered as a great Treasury secretary.

After Nobel, Gore Should Go for Next Big Prize

Mon, 15 Oct 2007 00:00:00 +0100

Perhaps Al Gore should run for president in 2008 after all.

Hillary Clinton Reigns as Queen of Federal Pork

Mon, 08 Oct 2007 00:00:00 +0100

Despite Democrat promises for earmark reform, free-spending habits persist.

GM, UAW Find a Cure at Last for "Union Cancer"

Mon, 01 Oct 2007 00:00:00 +0100

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.

Bust and Boom

Mon, 24 Sep 2007 01:00:00 +0100

The current housing mess does have an explanation.

Hillary and Health Care Prove a Toxic Mix Again

Mon, 24 Sep 2007 00:00:00 +0100

An overwhelming majority of Americans have rejectedHillary Clinton's grand vision of a government-run health care bureaucracy.

Volcker Shows Us Why the World Bank Doesn't Work

Mon, 17 Sep 2007 00:00:00 +0100

Corruption at the World Bank renders it impotent to perform its development tasks.

An Employment Recession May Already Be with Us

Mon, 10 Sep 2007 00:00:00 +0100

Though the United Statesmay be facing an employment recession, there is still hope.

Bush Hits Just Right Note in Facing Housing Mess

Tue, 04 Sep 2007 00:00:00 +0100

President George W. Bush revealed last week his policy response to the mortgage crisis.

Housing Market Crisis May Already Have Passed

Mon, 27 Aug 2007 00:00:00 +0100

Has the U.S. housing market hit bottom?

A VAT of Trouble

Mon, 13 Aug 2007 00:00:00 +0100

What would happen if the United States were to adoptthe Value Added Tax (VAT)?

A Modest Proposal to Revolutionize Oil Market

Mon, 06 Aug 2007 00:00:00 +0100

A new bill could turn America's currently inefficient and maddening energy policy on its head.

U.S. Still Great, Even as Democrats Act Small

Mon, 30 Jul 2007 00:00:00 +0100

The United States is thriving economically, but you wouldn't know it from the rhetoric of the Democrats.

Want the Real Secret of Harry Potter's Success?

Mon, 23 Jul 2007 00:00:00 +0100

A look at the economic factors that have made the Harry Potter series so successful.

Does New York Prefer Gridlock and Pollution?

Mon, 16 Jul 2007 00:00:00 +0100

A plan to establish congestion pricing in New York City is not perfect, but it is much better than the status quo.

Workaholics

Mon, 09 Jul 2007 00:00:00 +0100

A brief examination of the American obsession with work.

Now We Know What It Takes to Get the Fed to Move

Mon, 09 Jul 2007 00:00:00 +0100

A new model provides insight into the Federal Reserve's upcoming moves.

No, Congress, Investors Are Not Pornographers

Mon, 02 Jul 2007 00:00:00 +0100

The Congressional attack on successful private-equity and oil companies is unjustified and sets a damaging precedent.

Here's an Easy Way out of Our Tax Mess (No Joke)

Mon, 25 Jun 2007 00:00:00 +0100

Congress can ease Americans' economic burden this year by reforming the federal alternative minimum tax law.

Why Did the Fed Help North Korea Launder Money?

Mon, 18 Jun 2007 00:00:00 +0100

Why did the Federal Reserve agree to launder money for North Korea?

Miss World Pulls Off a Climate-Change Coup

Mon, 11 Jun 2007 00:00:00 +0100

At the G8 summit, the United States and others took small but important steps toward enactinglegitimate climate-change policies.

Hot Coals

Mon, 11 Jun 2007 00:00:00 +0100

A brief examination of the relationship between the carbon tax issueand the American coal industry.

Taxation of Corporate Gains on Sales of Depreciable Property

Mon, 04 Jun 2007 00:00:00 +0100

This report examines the taxation of corporate gains on depreciable business property, an important topic that has received little attention in the economic literature.

Trembling over Tainted Food? Here's a Solution

Mon, 04 Jun 2007 00:00:00 +0100

Transparency is the best way to deal with tainted food from China and elsewhere.

Congress, Defying Logic, Battles Gas "Gougers"

Tue, 29 May 2007 00:00:00 +0100

Are gas prices excessive or simply a response to current market conditions?

Is It Time for the U.S. to Bolt from World Bank?

Mon, 21 May 2007 00:00:00 +0100

The Bush administration can continue the Wolfowitz reforms at the World Bank--or withdraw from it altogether.

A New Tax Revolt

Mon, 14 May 2007 00:00:00 +0100

A brief examination of Americans' mounting revolt against rising property taxes.

So, Where's the Beef in Obama's Big New Ideas?

Mon, 14 May 2007 00:00:00 +0100

Barack Obama talks about "innovative approaches," but his policies are tired and economically retrograde.

Does Economic Success Require Democracy?

Thu, 10 May 2007 00:00:00 +0100

Why are politically unfree countries enjoying more economic growth than those that are politically free?

Will Economists Whip NFL Experts Again on Draft?

Mon, 07 May 2007 00:00:00 +0100

Sportswriters and economists have different opinions when it comes to choosing the winners and losers of this year's NFL draft.

Democrat Debate Bared a Lot More Than You Think

Mon, 30 Apr 2007 00:00:00 +0100

Grading the Democratic candidates.

Wolfowitz's One Sin Was Waging War on Corruption

Mon, 23 Apr 2007 00:00:00 +0100

Paul Wolfowitz's personnel missteps were merely the pretext for a campaign to discredit his anticorruption agenda.

The Postcard Solution

Mon, 16 Apr 2007 00:00:00 +0100

Pelosi, Tied Up in Knots, Needs to Think Small

Mon, 16 Apr 2007 00:00:00 +0100

Nancy Pelosi's House of Representatives should reconsider its bold plans and aim smaller.

Why We Pay without a Whimper

Sun, 15 Apr 2007 00:00:00 +0100

Early American history was a conservative's nirvana: it was one long tax revolt.

Tax Policy Taking U.S. Down the Road to France

Mon, 09 Apr 2007 00:00:00 +0100

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.

Ready for a Big Retirement Surprise? Save Now

Mon, 02 Apr 2007 00:00:00 +0100

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.

Arnold, Rush Battle for Republican Party's Soul

Mon, 26 Mar 2007 01:00:00 +0100

The Republican Party is at a historical crossroads. Only one side can win.

Go Flat--Now

Mon, 19 Mar 2007 01:00:00 +0100

Shocking Truth about Economy--We're Content

Mon, 19 Mar 2007 01:00:00 +0100

The U.S. economy has prospered because free markets work. It isnot a nightmare--it is a dream.

Time for Greenspan to Get with It, Start a Blog

Mon, 12 Mar 2007 01:00:00 +0100

Greenspan understands the economy like no one else. He should speak freely, not muffle his opinions.

A Little Bad Luck May Mean Big Woes for Economy

Mon, 05 Mar 2007 00:00:00 +0100

The U.S. economy is in a very strange place. A wild ride may be in store.

Comics Rule!

Thu, 01 Mar 2007 00:00:00 +0100

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?

NFL Coaches Are Outplayed by Economists in Draft

Mon, 26 Feb 2007 00:00:00 +0100

What do economists know that NFL coaches do not about drafts and salary caps?

Foreign Aid

Sat, 24 Feb 2007 00:00:00 +0100

Recent increases in student-loan allowances fail to address the fundamental flaws in an embarrassingstudent-aid system.

Tax Gap Levies Big Burden on Honest Americans

Tue, 20 Feb 2007 00:00:00 +0100

By not paying their taxes, millions of Americans are contributing to the national deficit.

Just Why Do Our Celebrities Behave So Boorishly?

Mon, 12 Feb 2007 00:00:00 +0100

Celebrities who know they can't be replaced behave the worst--but as society becomes more fluid, everybody can be replaced.

Paulson Has Clout for Showdown over Worst Tax

Mon, 05 Feb 2007 00:00:00 +0100

What treasury secretary Henry Paulson should say.

Beware of Bush's Latest Fix for Energy Policy

Mon, 29 Jan 2007 00:00:00 +0100

In his State of the Union address, President Bush announced a policy that makes no sense whatsoever.

Time for Democrats to Give Up the Grudge Match

Mon, 22 Jan 2007 00:00:00 +0100

Imagine that some Republican visionary reminds Americans that Democrats refused to address our nation's biggest problems, instead enacting populist junk food.

Can a Democratic Congress Stop the Escalation?

Mon, 15 Jan 2007 00:00:00 +0100

Those opposed to the war will huff and puff about the escalation, but do nothing to impede it.

Democrats Likely to Lose "Virtue" on U.S. Budget

Mon, 08 Jan 2007 00:00:00 +0100

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.

Flight from Russia

Sun, 31 Dec 2006 00:00:00 +0100

Go Ahead, Splurge; Wine Proves Top Investment

Mon, 18 Dec 2006 00:00:00 +0100

Wine, it turns out, may be more fun to invest in than to drink.

Of Growth and Gaps

Thu, 14 Dec 2006 00:00:00 +0100

Most of the mainstream media have consistently characterized the current U.S. economy as rewarding the rich at the expense of everyone else.

Time to Face Facts About Surging Iraq War Costs

Mon, 11 Dec 2006 00:00:00 +0100

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.

Did the Three Kings Bear Gift Receipts?

Sun, 10 Dec 2006 00:00:00 +0100

If you are scratching your way through a holiday gift list, you may want to enter the latest evidence into your shopping calculations.

The 25-Year Boom

Mon, 04 Dec 2006 00:00:00 +0100

Sarbanes-Oxley, Costly Cure for What Ails Market

Mon, 04 Dec 2006 00:00:00 +0100

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.

Paulson's Bid for Social Security Fix Is Doomed

Mon, 27 Nov 2006 00:00:00 +0100

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.

What Would a Rational Energy Tax Policy Look Like?

Mon, 27 Nov 2006 00:00:00 +0100

Our national energy tax policy is misguided in at least three ways.

Patriots vs. Redskins

Tue, 21 Nov 2006 00:00:00 +0100

Who has it right and who has it wrong in the economics of managing an NFL football team.

Want to Fix the AMT? Here Are Two Simple Steps

Mon, 20 Nov 2006 00:00:00 +0100

If the Democrats try to fix the alternative minimum tax, they will have no money left for any other initiative.

New Democrats Sing Old, Populist Tune on Economy

Mon, 13 Nov 2006 00:00:00 +0100

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.

Where Clinton Beats W.

Mon, 06 Nov 2006 00:00:00 +0100

Ignore Democrat Spin; the Bush Economy Is Solid

Mon, 06 Nov 2006 00:00:00 +0100

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.

Halloween Is an Economist's Biggest Nightmare

Mon, 30 Oct 2006 00:00:00 +0100

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.

Congress Needs Ideas? Here Are Five to Start

Mon, 23 Oct 2006 00:00:00 +0100

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.

Democratic Agenda Full of Same Old, Tired Ideas

Mon, 16 Oct 2006 00:00:00 +0100

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.

Free to Choose (As Someone Once Said)

Mon, 09 Oct 2006 00:00:00 +0100

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.

Conspicuous Consumption

Mon, 09 Oct 2006 00:00:00 +0100

The proof is in the pudding: The times are better than they used to be. The middle class is flourishing and optimistic.

Economy May Bring More Bad Luck for Republicans

Mon, 09 Oct 2006 00:00:00 +0100

If you play sports long enough, every now and then you wind up in a game where every break goes against you.

City on a Hill Is No Place for a Border Fence

Mon, 02 Oct 2006 00:00:00 +0100

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.

Want to Avoid the Housing Slump? Drop the Commute

Mon, 25 Sep 2006 00:00:00 +0100

With housing inventories high and prices getting ready to drop even more, the question is, what should you do about it?

Harvard, Ending Early Admissions, Increases Pain

Mon, 18 Sep 2006 00:00:00 +0100

In a blow to the college-bound everywhere, Harvard University announced last week that it would end its process of early admissions.

The Tyranny of the Retiree

Mon, 11 Sep 2006 00:00:00 +0100

Sept. 11 Attacks Drag on the World Economy Today

Mon, 11 Sep 2006 00:00:00 +0100

If 9/11 had never occurred, we would all be better off, but the biggest economic winners might have been the world's Muslims.

Let's Also Honor Labor's Best Friend

Mon, 04 Sep 2006 00:00:00 +0100

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.

Creative Accounting

Wed, 30 Aug 2006 00:00:00 +0100

One of Dada's founders, artist Tristan Tzara, once said that "God and my toothbrush are Dada." So too is MoMA's study.

Bernanke Can Aid Economy by Taking a "Breather"

Mon, 28 Aug 2006 00:00:00 +0100

If the Fed increases rates again later this year it will be a welcome break from the recent policy pattern.

The War on Terror Is Worth the Costs

Mon, 21 Aug 2006 00:00:00 +0100

The economic costs of our airport securitywill be high, but well worth it.

Even a Foiled Terror Attack Hurts the Economy

Mon, 14 Aug 2006 00:00:00 +0100

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' Best Hope? Stop Imitating Democrats

Mon, 07 Aug 2006 00:00:00 +0100

Republicans are losing because they are doing a bad impression of the Democrats.

Internet "Zombie" Threat Needs Killer Response

Mon, 31 Jul 2006 01:00:00 +0100

The battle againsthackers on the Internet is turning decidedly against the good guys.

Is Politics Broken? The Answer Is in the Air

Mon, 24 Jul 2006 00:00:00 +0100

The fact is, on most important issues, Americans on the left and the right believe in the same things.

World Economy Would Be Casualty of Mideast War

Mon, 17 Jul 2006 00:00:00 +0100

What would happen to the world economy if a wider war ignited? If history is a guide, the fallout could be significant.

Why a Higher Minimum Wage Is Bad Economic Policy

Mon, 10 Jul 2006 00:00:00 +0100

A higher minimum wage is terrible economic policy and Americans know it.

Baseball's National League Looks Minor League

Mon, 03 Jul 2006 00:00:00 +0100

The American League is dominating the National League, and it is all about economics.

The American Colossus, in Perspective

Mon, 03 Jul 2006 00:00:00 +0100

Innovation Drives U.S. Economy

Sat, 01 Jul 2006 00:00:00 +0100

Because R&D drives the economy, the U.S. government needs a better system for funding R&D.

Time to Get Over Those Oil "Dependency" Blues

Mon, 26 Jun 2006 00:00:00 +0100

The whole energy debate suffers from a distinct lack of logic.

Republicans Have Last, Best Chance to Limit Pork

Mon, 19 Jun 2006 00:00:00 +0100

The "Stop Over-Spending Act" is exactly the type of legislation that might help curb budget growth.

Bernanke Can Thank Greenspan for His Troubles

Mon, 12 Jun 2006 00:00:00 +0100

Fed chairman Ben Bernanke has become the perfect scapegoat.

Why We Should Be Glad Henry Paulson Said Yes

Mon, 05 Jun 2006 00:00:00 +0100

Bush appealed to Paulson's patriotism and convinced him that his country needs him.

Let's Give John Snow the Praise He Has Earned

Tue, 30 May 2006 00:00:00 +0100

Snowcomes off a lot better than he's been portrayed in the press and by the perfunctory praise offered by administration officials.

Trial Lawyers are Down

Mon, 22 May 2006 00:00:00 +0100

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.

Political Harmony in '08 after Bloodshed in '06?

Mon, 15 May 2006 00:00:00 +0100

Republicans would be in deep trouble if Democrats gave up their political sadomasochism and began trolling for innovative policy ideas and productive debate.

High Anxiety

Mon, 08 May 2006 00:00:00 +0100

Bush Says No Again, and This Time He May Mean It

Mon, 08 May 2006 00:00:00 +0100

For every Democrat you show me who is not a Republican, I'll show you a Republican who's not a Republican.

Who Won the NFL Draft? Economics Say Green Bay

Mon, 01 May 2006 00:00:00 +0100

Can economics declare which team was the big winner in last weekend's NFL draft?

The Lessons of Pinot Noir for the Energy Market

Mon, 24 Apr 2006 00:00:00 +0100

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 the Front-Runner Stakes Out the Center

Mon, 17 Apr 2006 00:00:00 +0100

Hillary Clintonis comfortable enough that she already has the nomination in the bag that she is running toward the center ahead of the primaries.

Why Economics Makes Getting into College So Hard

Mon, 10 Apr 2006 00:00:00 +0100

Collegeacceptance rates are way down. Was this just an unusually bad year, or a sign of worse things to come?

Off the Dole, Ten Years Later

Mon, 10 Apr 2006 00:00:00 +0100

In U.S. Immigration Debate, Specter Has It Right

Mon, 03 Apr 2006 00:00:00 +0100

Of all the immigration proposals out there, only one has its economics right.

Jilted--Impostor

Mon, 27 Mar 2006 00:00:00 +0100

A review of Bruce Bartlett's Impostor.

France Discovers a Way to Fight Apple--Piracy

Mon, 27 Mar 2006 00:00:00 +0100

The French, apparently unhappy that an innovative American company is so popular in France, have decided to engage in piracy.

Blame Money, Selig for Baseball Mess, Not Bonds

Mon, 20 Mar 2006 00:00:00 +0100

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.

President Bush, Please Listen to Robert Rubin

Mon, 13 Mar 2006 00:00:00 +0100

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.

Hollywood, Olympics, Networks Lose Their Magic

Mon, 06 Mar 2006 01:00:00 +0100

Technology has changed, and a better form of art is on the way.

For Katrina II, Let's Pretend There Are No Feds

Mon, 27 Feb 2006 00:00:00 +0100

Two new reports shed devastating light on the federal government's response to Hurricane Katrina.

Coming Soon--Big Growth, Big Effect

Tue, 21 Feb 2006 00:00:00 +0100

Reeling from bad publicity and diminished expectations, the Bush administration is about to get a much-needed shot in the arm from the economy.

Ethanol's a Big Scam, and Bush Has Fallen for It

Mon, 13 Feb 2006 00:00:00 +0100

In a capital city that is full of shameless political scams, ethanol is perhaps the most egregious.

Art Laffer, Righter than Ever

Mon, 13 Feb 2006 00:00:00 +0100

Setting corporate income tax rates too high risks losing revenue.

What to Do if Bush Calls You for Commission Duty

Mon, 06 Feb 2006 00:00:00 +0100

President George W. Bush called for a bipartisan commission to recommend fixes for our entitlement programs. This proposal was a sign of weakness.

SOTU Critics Room

Wed, 01 Feb 2006 00:00:00 +0100

One economist's reaction to the State of the Union address.

Bernanke--Be Tough, Independent, Raise Rates

Mon, 30 Jan 2006 00:00:00 +0100

Bernanke may soon be the new sheriff in town, but there are a number of players getting ready to challenge him.

It's Time to Face Up to the U.S. Medicare Crisis

Mon, 23 Jan 2006 00:00:00 +0100

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.

Economists Look at the True Cost of the Iraq War

Tue, 17 Jan 2006 00:00:00 +0100

Would the war in Iraq pass a cost-benefit test?

Let's Cut Corporate Taxes to Create More Jobs

Mon, 09 Jan 2006 00:00:00 +0100

A look at the latest economic data suggests an obvious change that should have broad bipartisan appeal: a cut in the corporate tax.

Is Iran the Cause of That Inverted Yield Curve?

Tue, 03 Jan 2006 00:00:00 +0100

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.

Reagan the Poverty-Slayer

Sat, 31 Dec 2005 00:00:00 +0100

What world leader was history's greatest champion of the poor? The data overwhelmingly favor a single candidate: Ronald Reagan.

The Economic Conundrum of Christmas Gift Giving

Tue, 27 Dec 2005 00:00:00 +0100

Gifts areeconomically efficient if theygiverecipientsthings they have never tried before but end up liking.Ifyou can't think ofwhat that might be, give cash.

Unions Wage Vicious, Misguided War on Wal-Mart

Mon, 19 Dec 2005 00:00:00 +0100

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.

Bush Abandons Tax Reform, Washington Gets Uglier

Mon, 12 Dec 2005 00:00:00 +0100

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.

Let's Stamp Out the Money Roaches in Congress

Mon, 05 Dec 2005 00:00:00 +0100

The possibility for corruption in appropriating money is so strong that severe measures must be taken to protect the integrity of the process.

How the Fed Should Steer the Bernanke Transition

Mon, 28 Nov 2005 00:00:00 +0100

The Federal Reserve is having some difficulty handling the transition to a new chairman.

Bush's Weaknesses May Strengthen Tax-Reform Hopes

Mon, 21 Nov 2005 00:00:00 +0100

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.

Justice Department Persists in Harassing Oracle

Mon, 14 Nov 2005 00:00:00 +0100

No government, especially a Republican one, should allow bureaucrats to wage a costly and shameful war against America's businesses.

Bush Tax Panel Changes Wouldn't Slam Home Prices

Mon, 07 Nov 2005 00:00:00 +0100

These proposed changes would increase the price of less expensive homes, and reduce the price of expensive ones, at least slightly.

With Bernanke at Bat, Fed Will Target Inflation

Mon, 31 Oct 2005 00:00:00 +0100

If Alan Greenspan goes down in history as the Babe Ruth of monetary policy, Ben Bernanke may well go down as the Barry Bonds.

Perfect Candidate for Office--Kaspar Hauser

Mon, 24 Oct 2005 00:00:00 +0100

Kaspar Hauser reported that he had spent his life living in a small dark cell, and almost never came in contact with his caretaker.

Costly U.S. Tort System Doesn't Improve Safety

Mon, 17 Oct 2005 00:00:00 +0100

The U.S. tort system, which consumes more than 2 percent of GDPandis the world's most expensive, isn't making Americans any safer. In fact, the opposite is probably true.

Conservatives Must Regain Buckley Vision, Clout

Mon, 10 Oct 2005 00:00:00 +0100

The battle has begun. The first view of this change is the outcry over the Bush nomination of Harriet Miers to the Supreme Court.

Why Bush Will Deliver on His Vow to Reform Taxes

Mon, 03 Oct 2005 00:00:00 +0100

The stars are aligned for tax reform.

How Not to Help the Hurricane Regions: Tax Oil

Mon, 26 Sep 2005 00:00:00 +0100

It isalmost sadistic to threaten thepeople in the hurricane areaswith the re-imposition of a tax that did so much harm to their economy in the 1980s.

Even Brazil's Lula Doesn't Have Bush's Troubles

Mon, 19 Sep 2005 00:00:00 +0100

Fiscal policy has generated little political capital for President Bush--precisely because he has been so willing to run high deficits.

Little Guys Get Some Love

Thu, 15 Sep 2005 00:00:00 +0100

The analyst industry in the U.S. is undergoing a dramatic reorganization.

Let's Tie Katrina Aid to People, Not Just Places

Mon, 12 Sep 2005 00:00:00 +0100

I have every confidence that Mardi Gras will be the same again. But it's important to let markets decide how fast New Orleans springs back.

Katrina's Rebuilding Boost Won't Come Quickly

Tue, 06 Sep 2005 00:00:00 +0100

Devastation has often been quickly followed by increased economic activity as the stricken communities regroup. Katrina will be different.

The Misguided Assault on the U.S. Drug Industry

Mon, 29 Aug 2005 00:00:00 +0100

After the war on terror, the war against the drug companies may be the single biggest issue in our country today. If the enemieshave their way, many maladieswill continue to plague us.

Democrats Need New Ideas, Not New Think Tanks

Mon, 22 Aug 2005 00:00:00 +0100

When you weigh the things that have led to Republican political domination in recent years, you can't help but be struck by the dearth of innovative ideas coming from the Democrats.

19th Century Taxes in the 21st Century Economy

Mon, 22 Aug 2005 00:00:00 +0100

The federal telephone excise tax belongs in history books, notin ourtwenty-first century economy.

Why Are Americans Sour about Everything? Iraq

Mon, 15 Aug 2005 00:00:00 +0100

The polls on the economyare little more than a sideshow; theydon't signal thatoil prices are high or that the economy is about to turn down. They are onlymeasuring political sentiment.

CNOOC Episode Unites Protectionists and Hawks

Mon, 08 Aug 2005 00:00:00 +0100

The CNOOC episode is a relatively minor affair, but there is a risk that much more damage will be done in the future.

How President Bush's Social Security Reform Died

Mon, 01 Aug 2005 00:00:00 +0100

Social Security solvency may well be addressed while tax reform is pursued,but the approach pursued by the president this year is dead, and he has himself and the Democrats to blame.

Justice Roberts Will Be Good for the Economy

Mon, 25 Jul 2005 00:00:00 +0100

John G. Roberts Jr.'s experience as an attorney for U.S. corporations bodes well for the future of tort reform.

Bring Back Clinton--Just His Spending Habits

Mon, 18 Jul 2005 00:00:00 +0100

Bring back the Clinton administration. Well, maybe not all of it, but at least its spending habits.

Markets and the British Can Deal with Terrorism

Mon, 11 Jul 2005 00:00:00 +0100

While higher ambiguity will temporarily induce more cautious market behavior, unless there are more terrorist attacks there should be rapid recovery in the U.K.

NYSE, Nasdaq Deals Are Win-Win

Fri, 29 Apr 2005 00:00:00 +0100

In the new world, two large-volume exchanges will go toe to toe competing for business, and the specialists will be gradually replaced by transparent computers.

Pigskin, Politics, and the President

Fri, 29 Apr 2005 00:00:00 +0100

President Bush has reduced the political risk associated with Social Security reform and probably maximized the chance that something positive can happen.

Tax Reform 101

Tue, 26 Apr 2005 00:00:00 +0100

Tax reform is at times complicated business, but it need not be. Indeed, the key logical setup for the tax debate is quite simple, and involves only three key observations.

Fitting the Bill?

Wed, 13 Apr 2005 00:00:00 +0100

Fixing Social Security is just as important today as it was when Clinton wanted to tackle the job--more so, in fact, since years have elapsed.

Promises, Promises

Mon, 04 Apr 2005 00:00:00 +0100

If we end up with an explicit liability and limited and possibly tenuous future savings, then the job of putting Social Security on a sustainable path will be left undone.

Is the Payroll Tax a Tax?

Tue, 29 Mar 2005 00:00:00 +0100

To what extent are Social Security taxes really “taxes” in the traditional sense?

Hung Up on Words

Fri, 18 Mar 2005 00:00:00 +0100

In the debate on Social Security, whether the money should be carved, added, diverted, augmented, pasted, or cauterized, does little to further the discussion.

Social Security in Your Mailbox

Fri, 11 Mar 2005 00:00:00 +0100

Currently workers have no choices; Social Security reform adds choice.

Ants and Grasshoppers

Mon, 07 Feb 2005 00:00:00 +0100

Social Security should be reformed because a better policy exists today that will significantly enhance Americans' welfare.

Study: Price Controls Harm Patients

Wed, 22 Dec 2004 00:00:00 +0100

The Department of Commerce has released a shocking study on the purchasing practices of Organization for Economic Cooperation and Development trading partners on U.S. citizens.

Towards an Optimal Governing Area

Fri, 17 Dec 2004 00:00:00 +0100

As the world becomes smaller, the promise of competition arises, as does the threat of government cartels.

Pro-Growth or Pro-Pork?

Fri, 22 Oct 2004 00:00:00 +0100

Rarelyhave there ever been tax bills in Congress that received press as bad as the latest international tax bill.

The Washington Policy Shell Game

Thu, 21 Oct 2004 00:00:00 +0100

The dividend tax cut is a welcome surprise. It has been much better than many people expected, highlighting the truth that the right policies can make a big difference for investors.

Partisan Bias in Newspapers?

Wed, 06 Oct 2004 01:00:00 +0100

Newspaper headlines reporting on unemployment, gross domestic product, retail sales, and durable goods tended to be negative when a Republican is in the White House.

The "Squeeze" Play

Mon, 13 Sep 2004 00:00:00 +0100

Consumption data and the topline GDP numbers suggest that the middle class has been doing fine.

Terror, Technology, and Financial Markets

Fri, 10 Sep 2004 00:00:00 +0100

The news that al Qaeda terrorists have been casing U.S. financial institutions comes as little surprise to economists.

The Reform Term

Fri, 03 Sep 2004 00:00:00 +0100

George W. Bush will move Social Security toward personal accounts and push fundamental tax reform. John Kerry will increase government spending andraise marginal tax rates.

Getting Recent Economic History Right

Thu, 02 Sep 2004 00:00:00 +0100

The evaluation of the George W. Bush's tax policies is a crucial requirement for rational thought about the president's record.

Compassionate Concerns

Wed, 01 Sep 2004 00:00:00 +0100

The one part of President George W. Bush's agenda that is difficult to square withan outline of compassionate conservatism is health care.

A Presidential Agenda

Tue, 31 Aug 2004 00:00:00 +0100

At the Republican National Convention, President George W.Bushwill lay out his second-term agenda for the first time. Love it or hate it, there will be wall-to-wall news.

The Kerry Campaign's Funny Math

Fri, 13 Aug 2004 00:00:00 +0100

The author estimates that John Kerry's economic proposals will add up to between $2 trillion and $2.1 trillion over the next ten years.

Kerry, a Generic Democrat

Tue, 03 Aug 2004 00:00:00 +0100

U.S. presidential challenger John Kerry is a classic Democrat, and that's the problem as his image forms.

Two Trillion in Ten Years

Tue, 27 Jul 2004 00:00:00 +0100

JohnKerry promises higher spending, higher taxes, and overall deficit reduction, but the details do not add up.

The Long Boom

Mon, 26 Jul 2004 00:00:00 +0100

Annually Adjusted Rates Would Avoid Catastrophe

Fri, 18 Jun 2004 00:00:00 +0100

The current consolidation program breeds inequities and carries potential costs that dwarf those of the underlying student-loan system.

Why Schroeder Lost, and What It Means for America

Wed, 16 Jun 2004 00:00:00 +0100

The losses suffered by German chancellor Gerhard Schroeder's party may relieve pressure for the European Unionto adopt centralized German socialism.

A Corrupted Punditry

Mon, 10 May 2004 00:00:00 +0100

N. Gregory Mankiw is one of the brightest and most successful economists of our time. It is interesting to ask how it could be that such a man could find himself embroiled in controversy.

Down Payment Debate

Mon, 10 May 2004 00:00:00 +0100

It is difficult to support gentrification as an equilibrium strategy, and universally waving the down payment requirement may slow the process of neighborhood improvement significantly.

Assessing the Economic Gains from Telecom Competition

Sat, 01 May 2004 01:00:00 +0100

This paper simulates and develops a dynamicmodel ofstrategic telecommunications competition.

Pension Funds Abuse Power

Tue, 27 Apr 2004 00:00:00 +0100

The American economy has been a wonder because we have constrained capricious government intervention into private enterprise. State pension funds are messing with our formula for success.

Kerry and Me

Thu, 15 Apr 2004 00:00:00 +0100

Lawmakers should outdo Senator John Kerry's paltry corporate tax rate reduction and reduce our corporate tax at least 18 percent to return it to the world average.

A Troubling Requirement

Thu, 01 Apr 2004 00:00:00 +0100

Why should the Federal Accounting Standards Boardrequire the expensing of options if it has no idea how it should be done?

Telecom at the Crossroads

Thu, 18 Mar 2004 01:00:00 +0100

Is it advisable for the government to require the Bells to lease their old-fashioned copper lines to competitors?

Tales out of School

Wed, 10 Mar 2004 00:00:00 +0100

Congress should act quickly to reform the consolidation program. Doing anything less is the fiscal policy equivalent of Russian roulette.

Good for America

Wed, 28 Jan 2004 00:00:00 +0100

The latest budget deficit numbers from the Congressional Budget Office have set off a flurry of self-righteous condemnation and doomsaying.

The Sigh-of-Relief Binge

Wed, 24 Dec 2003 00:00:00 +0100

President Bush will claim that the booming economy proves that he is a policy impresario; the Democratic challengers will claim that the growth will reverse itself because of Bush's policies.

Saddam and French Logic

Tue, 16 Dec 2003 00:00:00 +0100

If Saddam Hussein had no weapons, then the war was, as the French suggest, in part the result of a "lie," although the untruth was as much Hussein's responsibility as anyone's.

The Audacity to Succeed

Mon, 08 Dec 2003 00:00:00 +0100

President Bush's tax cuts have worked, and this has stirred the pot.

A Final Thought on Thanksgiving

Tue, 02 Dec 2003 00:00:00 +0100

If Thanksgiving is about family contact more than food then one might expect to see consumers who do not have families smooth their consumption even at Thanksgiving.

Dividend Tax Cut Makes Sense

Mon, 01 Dec 2003 00:00:00 +0100

In several years, tax reductions will almost surely receive their share of the credit, when the academic literature identifies sources of the resurgence of economic growth.

TRIPping Cures

Fri, 21 Nov 2003 00:00:00 +0100

Extensive reimportation would likely have destroyed the incentives that U.S. firms have to develop new drugs.

Doctors without Economics

Thu, 30 Oct 2003 01:00:00 +0100

By using faulty economics to stoke opposition to free trade, MSF runs the risk of helping to lock poor people of the world into a cycle of poverty and disease.

Regulate Thyself?

Wed, 29 Oct 2003 00:00:00 +0100

The NYSE sets its own rules, leadingto a world where the regulator can design rules that are highly profitable to the specialists who run the trading floor and receive executive compensation.

The Tax Policy of Hate

Thu, 23 Oct 2003 00:00:00 +0100

The tax plans of the Democrats reveal that the candidates collectively are not up to the task.

A Level Paying Field

Mon, 20 Oct 2003 00:00:00 +0100

The gains from making the tax code more neutral would be significant.

D Is for Deficit

Tue, 07 Oct 2003 00:00:00 +0100

Guess who's to blame for state budget problems?

Guess Who's to Blame?

Wed, 01 Oct 2003 00:00:00 +0100

State budgets are in crisis from California to New York.

Doth Protest Too Much?

Sat, 13 Sep 2003 00:00:00 +0100

Increased Investment, Lower Prices

Thu, 11 Sep 2003 00:00:00 +0100

Competition permanently reduces consumer prices for voice and broadband services and spurs telecom investment.

Europe's Good Idea

Thu, 11 Sep 2003 00:00:00 +0100

Representatives should jump at the chance to get a commitment from the EU to move as much of their agricultural program as possible into the "nondistorting" pile.

The Effect of Dividend Tax Relief on Investment Incentives

Mon, 01 Sep 2003 00:00:00 +0100

Reducing the double tax on corporate income has an ambiguous effect on marginal effective tax rates.

Last Chance Boost

Tue, 26 Aug 2003 00:00:00 +0100

Bill Thomas will get a compromise version of his bill moving once opportunistic politicians recognize that this bill is their last chance to affect the economy before the next election.

Too Much of a Bad Thing

Tue, 05 Aug 2003 00:00:00 +0100

Understanding the Role of the United States in the Global Economy

Fri, 01 Aug 2003 01:00:00 +0100

Forty-fourpercent of the U.S. trade deficit is with developing countries, and a slowdown in global trade would hurt developing countries most.

A Risky Shot in the Dark

Tue, 22 Jul 2003 00:00:00 +0100

Will U.S. consumers be better off as a result of the bill to permit reimportation of drugs?

Your Brain on Drugs

Fri, 18 Jul 2003 00:00:00 +0100

If Congress allows reimportation, it will be frittering away a crown jewel of the U.S. economy for short-term political gain that will endanger Americans.

Spending with the Best of 'Em

Mon, 14 Jul 2003 00:00:00 +0100

President Bush is spending liberally, both on defense and social programs.

How Europe Sows Misery in Africa

Sun, 22 Jun 2003 00:00:00 +0100

We should express our outrage, use our influence to bring about deeper cuts in subsidies and make fundamental reform a centerpiece of our foreign policy for the developing world.

Rich Man, Poor Man

Mon, 16 Jun 2003 00:00:00 +0100

Income inequality matters to the voter mostly to the extent that it affects his sense of the basic justice of society.

Consumption Function

Thu, 12 Jun 2003 00:00:00 +0100

Consumption Function

Thu, 12 Jun 2003 00:00:00 +0100

The new Republican strategy is clearly to address a pressing tax problem each year, rather than to try to construct the mother of all tax reforms and ram it through in a single year.

Tax Cut Victory

Fri, 16 May 2003 00:00:00 +0100

The House and Senate both have passed bills that contain a great deal of the vision that President Bush first proposed in January. Which bill is better?

The Dividend Fiasco

Fri, 09 May 2003 00:00:00 +0100

Under the President's dividend tax plan, the personal tax on dividends is lowered, but other tax benefits at the corporate level are devalued.

Half a Loaf Is Pretty Good

Thu, 17 Apr 2003 00:00:00 +0100

If you read stories in the press stating that Congress has cut the President's bill in half it may well be a bill with virtually the same economic consequences.

The Axis of Losers

Wed, 02 Apr 2003 00:00:00 +0100

The countries that do not support us have terrible economies.

It's Dynamic!

Wed, 26 Mar 2003 00:00:00 +0100

Now that the Congressional Budget Office's dynamic scoring operation is up, the Joint Tax Committee should be required to borrow the apparatus developed by the CBO and begin providing detailed scores of important tax bills.

Clueless Fed

Thu, 20 Mar 2003 00:00:00 +0100

An Interview with AEI's Kevin A. Hassett

Wed, 12 Mar 2003 00:00:00 +0100

In for a Shock?

Fri, 07 Mar 2003 00:00:00 +0100

The "Central" Issue

Thu, 20 Feb 2003 00:00:00 +0100

Tax Cut Is Shrewd Politics

Thu, 09 Jan 2003 00:00:00 +0100

George W. Bush presented an economic plan that included a centrepiece--a total repeal of taxation of dividends at the individual level--that would mark a dramatic change in the US tax code.

Inversion Hysteria

Tue, 15 Oct 2002 00:00:00 +0100

Retroactive penalties for legal behavior are a tax-policy low.

Scoring with Meg

Wed, 09 Oct 2002 00:00:00 +0100

A striking disconnect remains between the methods of mainstream economists and those used by congressional staff to evaluate tax proposals.

Down to the Crossroads

Fri, 06 Sep 2002 00:00:00 +0100

The Stock Market Without Tears

Mon, 02 Sep 2002 00:00:00 +0100

The publication of Dow 36,000 has caused such a stir that it has at times seemed as if coauthor James K. Glassman and I had written another Bell Curve.

A New Measure of Horizontal Equity

Sun, 01 Sep 2002 00:00:00 +0100

The Effects of Temporary Partial Expensing on Investment Incentives in the United States

Sun, 01 Sep 2002 00:00:00 +0100

Addresses tax and fiscal policy.

Dow 36,000 Revisited

Thu, 01 Aug 2002 01:00:00 +0100

Despite its flamboyant title, Dow 36,000 was a book of sober explanation, not of wild prognostication.

Frontier Corporate Justice Works

Wed, 03 Jul 2002 00:00:00 +0100

Certainly there have been business failures before, but these repeated episodes present us with the possibility that honour and responsibility may have been replaced by evil and greed.

Unemployment Lines, Lies, and Statistics

Fri, 12 Apr 2002 01:00:00 +0100

Tax Policy and Business Investment

Mon, 01 Apr 2002 00:00:00 +0100

Psst. The Recession Is Over.

Thu, 28 Mar 2002 00:00:00 +0100

Economists are so sharp they have predicted eight of the last five recessions, however, may be that they are too slow to call recoveries.

2002

Tue, 19 Mar 2002 00:00:00 +0100

Beware the Democratic Trap

Fri, 08 Mar 2002 01:00:00 +0100

By giving so much ground on the stimulus bill, House Republicans have fallen into a trap that was set for them two weeks earlier by Tom Daschle

Marginal Tax Rate Cuts and the Public Tax Debate

Fri, 01 Mar 2002 00:00:00 +0100

This paper exploresthe effect of changing tax revenues and deficits on interest rates and the effect of changing revenues on government spending.

Science Says

Mon, 31 Dec 2001 00:00:00 +0100

How the Republicans Lost the AMT Debate

Thu, 20 Dec 2001 01:00:00 +0100

AMT repeal is referred toas a retroactive tax cut; in fact, it is nothing of the kind, but the damage has been done.

No Third Rail

Mon, 19 Nov 2001 00:00:00 +0100

While it is not good beach reading, Investor Politics is full of interesting historical anecdotes, clever policy analysis, and surprising musings.

Economic News Has a Silver Lining

Wed, 07 Nov 2001 00:00:00 +0100

With the economy still declining and the Fed out of ammunition, additional government stimulus must now be of the fiscal variety.

Tax Bill Would Stimulate High Tech

Mon, 15 Oct 2001 01:00:00 +0100

Ways and Means Committee has passed a stimulus tax bill that, if it becomes law, will provide a solid boost to the economy and to the high-tech sector.

To Beat Recession, More Policy Help Likely on the Way

Thu, 27 Sep 2001 00:00:00 +0100

What tax cuts will have the biggest bang for the buck at this moment in time?

U.S.'s Financial Fate Hinges on Resolve of the People

Sat, 15 Sep 2001 00:00:00 +0100

Three channels exist that the U.S. economy could flow through post-Sept. 11.

Fear of Terrorism Won't Spur Recession, but Other Factors May

Thu, 13 Sep 2001 00:00:00 +0100

On the Monday following 9/11, the chief concern of many was the fear of recession; soon that was replaced be a strong desire for retribution.

First-Time Jobless Claims Gauge the Economy's Health Well

Tue, 07 Aug 2001 00:00:00 +0100

Studies have attempted to identify the best contemporaneous economic indicator, and there is a clear champion: initial claims for unemployment insurance.

Social Security Reform Can't Wait

Fri, 20 Jul 2001 00:00:00 +0100

Although Social Security was intended to reduce uncertainty in people’s lives, there is a great deal of uncertainty about the level of benefits and taxes in the future.

Dueling Studies Square Off on Causes of Economic Growth

Tue, 17 Jul 2001 00:00:00 +0100

Have good and bad times ratcheted up permanently or did we just live through a boom and bust period that was a one-time-only experience?

Rx for the Economy

Wed, 16 May 2001 00:00:00 +0100

History suggests that recessions are not necessarily the result of domestic-policy errors.

Beware the "Lockbox"

Fri, 30 Mar 2001 00:00:00 +0100

Are we being "lockboxed" into economic serfdom?

The Taxing Machine

Mon, 19 Mar 2001 00:00:00 +0100

What would have happened back when the Democrats controlled the House and Hillary proposed her health plan, had we been sitting on a $5.6 trillion surplus?

Leading Indicators

Thu, 01 Mar 2001 00:00:00 +0100

Tax Cuts and Tax Reform

Thu, 01 Mar 2001 00:00:00 +0100

Hassett discusses the possibility of tax reform through tax cuts.

Economy Enters the Twilight Zone

Mon, 12 Feb 2001 00:00:00 +0100

Where Do We Put the Surplus?

Mon, 29 Jan 2001 00:00:00 +0100

If the U.S. government starts accumulating big surpluses, where should it put the money?

The Dot-Com Drain

Fri, 12 Jan 2001 00:00:00 +0100

Interest rate reductions will deliver us from recession.

Will Dot-com Failures Lead Us to Recession?

Mon, 08 Jan 2001 00:00:00 +0100

Time for Tax Reform

Wed, 20 Dec 2000 00:00:00 +0100

The Federal Reserve finally acknowledged that the probability of recession has increased.

Ganging Up

Mon, 11 Dec 2000 01:00:00 +0100

Moynihan's Internet Access Bill Defended

Mon, 13 Nov 2000 01:00:00 +0100

Moynihan's Internet Access Bill Defended

Mon, 13 Nov 2000 00:00:00 +0100

In the U.S., Political Gridlock Works Well

Wed, 27 Sep 2000 00:00:00 +0100

Outlaw Selective Disclosure? No, the More Information the Better

Thu, 10 Aug 2000 00:00:00 +0100

Regulation FD, an SECproposal to require firms to release information to everyone if they release it to anyone, has a commendable intent, however, the impact of the regulation will likely be the opposite.

Hey, Mr. Greenspan

Mon, 26 Jun 2000 00:00:00 +0100

The Great Bubble Debate

Mon, 29 May 2000 00:00:00 +0100

Two bulls and a bear square off on what the markets have in store.

Will the Dow Ever Hit 50,000?

Mon, 22 May 2000 01:00:00 +0100

Debate between Shiller and Glassman andHassett over the future of the stock market.

Bear Up, the Cash Cows Will Still Deliver

Mon, 17 Apr 2000 00:00:00 +0100

The McCain Tax Plan

Thu, 10 Feb 2000 00:00:00 +0100

Three AEI economists debate the merits of Senator John McCain's (R-Ariz.) tax reform proposals.

If Alan Greenspan Had Bitten the Bullet

Mon, 01 Nov 1999 00:00:00 +0100

Covers Social Security issues

Trust the Dow 36,000 Thesis

Wed, 20 Oct 1999 00:00:00 +0100

World markets have been in turmoil recently, as bad inflation news in the United States spooked many investors.

Overregulation Hurts Good Guys

Thu, 16 Sep 1999 00:00:00 +0100

Whenever horror stories appear in the news, politicians and regulators try to make the most recently observed fraud more difficult to commit by adding new accounting rules tailored to the specific abuse.

Bursting Mr. Greenspan's Bubble

Fri, 03 Sep 1999 01:00:00 +0100

Has Alan Greenspan joined the ranks of bubbleologists?

Dow 36,000

Wed, 01 Sep 1999 00:00:00 +0100

Dow 36,000, by James K. Glassman and Kevin A. Hassett

Your Surplus Checks Aren't in the Mail Yet

Thu, 05 Aug 1999 00:00:00 +0100

Why is Congress gambling on tax cuts that taxpayers won't even begin to see until two years after the next elections?

Dow Has a Long Way to Go

Thu, 29 Apr 1999 01:00:00 +0100

Wall Street stock prices are still far too low, claims James Glassman and Kevin Hassett.

Cracking the Code

Tue, 01 Dec 1998 00:00:00 +0100

Review of Cracking the Code by Andrew Lyon.

Are Investment Incentives Blunted by Changes in Prices of Capital Goods?

Thu, 01 Oct 1998 00:00:00 +0100

Knowing What's Good for You

Mon, 14 Sep 1998 00:00:00 +0100

Do consumers discount the future correctly?

Why Big Labor Keeps Getting Smaller

Mon, 03 Aug 1998 00:00:00 +0100

Unless unions change their approach, they will continue to dwindle--and their demise will have been self-inflicted.

Are Stocks Overvalued? Not a Chance

Mon, 30 Mar 1998 01:00:00 +0100

Tax Code Penalizes Work, Not Marriage

Fri, 16 Jan 1998 00:00:00 +0100

Tax Code Penalizes Work, Not Marriage

Fri, 16 Jan 1998 00:00:00 +0100

Uncle Sam's Dowry

Thu, 30 Oct 1997 00:00:00 +0100

Analyzes tax penalities for marriage.

The Skyline Tax

Mon, 29 Sep 1997 00:00:00 +0100

Recent U.S. Investment Behavior and the Tax Reform Act of 1986

Tue, 01 Jan 1991 00:00:00 +0100

Instrument Choice, Political Reform and Economic Welfare

Tue, 14 Aug 1990 00:00:00 +0100

Discusses tax and fiscal policy.

Closed for Business

Thu, 01 Jan 1970 00:00:00 +0100

High tax rates are forcing American companies offshore, hurting wages at home.

Bubbleology

Tue, 23 Jul 2002 00:00:00 +0100

Thisanalysis of the stock market bashes the conventional wisdom about bubbles, showing that such famous examples as Tulipomania were not, in fact, bubbles at all.

Dow 36,000

Wed, 01 Sep 1999 00:00:00 +0100

The conventional model for valuing stocks has been rendered obsolete and that the inaccurate warnings of the financial establishment have kept Americans from enjoying the equity boom.

The Magic Mountain

Mon, 02 Aug 1999 00:00:00 +0100

In the midst of general euphoria over a new and seemingly increasing federal budget surplus,this bookoffers a guide to this new situation.

Tax Policy and Investment

Mon, 03 May 1999 00:00:00 +0100

This monograph chronicles how the conventional wisdom changed and outlines the implications of a new understanding of tax policy.

Is Capitalism Worth Saving?

Wed, 16 Dec 2009 07:30:00 +0100

Smoke, Mirrors, and Greenhouse Gas Control

Fri, 20 Nov 2009 09:30:00 +0100

Death, Taxes, and Uncertainty: The Estate Tax in 2010 and Beyond

Tue, 10 Nov 2009 10:00:00 +0100

Is Capitalism Worth Saving?

Fri, 30 Oct 2009 08:00:00 +0100

The Impact of Deregulation and Financial Innovation on Homebuyers

Fri, 15 May 2009 10:00:00 +0100

How to Simplify the Code for Low-Income Taxpayers

Tue, 12 May 2009 09:00:00 +0100

The SAFE Solution to Entitlement Reform

Wed, 29 Apr 2009 09:30:00 +0100

Tax Policy Lessons from the 2000s

Wed, 25 Feb 2009 09:00:00 +0100

Are Conservatives in the Grip of Dead Ideas?

Tue, 03 Feb 2009 10:00:00 +0100

Is Deregulation a Cause of the Financial Crisis?

Fri, 23 Jan 2009 15:00:00 +0100

The 2009 State of the Union: Change and Continuity

Tue, 13 Jan 2009 14:00:00 +0100

Responding to the Recession: Exploring the Stimulus Options

Mon, 12 Jan 2009 11:00:00 +0100

Beyond November: Economics and the New President

Tue, 28 Oct 2008 11:00:00 +0100

What Lies Beyond the Credit Crunch? Part III

Thu, 02 Oct 2008 14:00:00 +0100

Was Malthus Right? Was Today's Global Food Crisis Inevitable?

Wed, 02 Jul 2008 10:15:00 +0100

Does Mentoring Improve New Teachers?

Wed, 25 Jun 2008 12:30:00 +0100

Tax Policy Lessons from the 2000s

Fri, 30 May 2008 08:50:00 +0100

What Lies Beyond the Credit Crunch? Part II

Mon, 28 Apr 2008 14:00:00 +0100

100 Million Unnecessary Returns: A Simple, Fair, and Competitive Tax Plan for the United ...

Wed, 09 Apr 2008 09:00:00 +0100

Understanding the Corporate Income Tax

Thu, 03 Apr 2008 10:00:00 +0100

Assessing the Effects of Corporate Taxation

Mon, 17 Mar 2008 10:00:00 +0100

The 2008 State of the Union

Mon, 28 Jan 2008 08:30:00 +0100

What Lies Beyond the Credit Crunch?

Mon, 17 Dec 2007 14:00:00 +0100

How Should Private Equity Fund Managers Be Taxed?

Wed, 19 Sep 2007 14:00:00 +0100

Can We Afford the Military We Need?

Tue, 26 Jun 2007 11:00:00 +0100

Financial Literacy and Planning: Implications for Retirement Wellbeing

Thu, 14 Jun 2007 11:00:00 +0100

The 2007 Farm Bill and Beyond

Thu, 17 May 2007 10:00:00 +0100

Do We Tax Energy Enough?

Thu, 29 Mar 2007 10:30:00 +0100

The Wal-Mart Revolution

Tue, 20 Feb 2007 11:00:00 +0100

The 2007 State of the Union

Tue, 23 Jan 2007 09:30:00 +0100

Tax Havens and Foreign Direct Investment

Mon, 11 Dec 2006 08:50:00 +0100

What Lies Beneath? U.S. Foreign and Domestic Policy after the 2006 Elections

Mon, 20 Nov 2006 10:00:00 +0100

The Research Tax Credit: Gone Today, Here Tomorrow?

Wed, 15 Nov 2006 09:00:00 +0100

The Entrepreneurial Imperative

Mon, 23 Oct 2006 13:30:00 +0100

Corporate Cash Balances and Economic Activity

Tue, 18 Jul 2006 10:00:00 +0100

Corporate Income Taxation and the Economy

Fri, 02 Jun 2006 08:55:00 +0100

Tax Reform and Dynamic Analysis

Thu, 25 May 2006 10:00:00 +0100

Layoffs and Their Consequences

Tue, 11 Apr 2006 12:00:00 +0100

Helping America’s Low-Income Workers

Thu, 30 Mar 2006 09:30:00 +0100

Scientific Talent and U.S. Economic Leadership

Mon, 20 Mar 2006 15:30:00 +0100

The 2006 State of the Union

Mon, 30 Jan 2006 08:45:00 +0100

What Will Greenspan's Departure Mean?

Tue, 24 Jan 2006 10:00:00 +0100

Scientific Talent and U.S. Economic Leadership

Fri, 13 Jan 2006 15:00:00 +0100

What Does the Public Know about Economic Policy?

Mon, 05 Dec 2005 09:00:00 +0100

Why Do Incumbent Senators Win?

Fri, 18 Nov 2005 10:00:00 +0100

Advancing America’s Economic Competitiveness

Wed, 16 Nov 2005 10:00:00 +0100

Windfall Profits Tax on Oil?

Wed, 16 Nov 2005 08:15:00 +0100

Religion and Economic Life

Thu, 10 Nov 2005 09:30:00 +0100

Disaster Relief

Thu, 03 Nov 2005 12:30:00 +0100

Economy Watch

Thu, 13 Oct 2005 08:30:00 +0100

The American Way of Work

Thu, 22 Sep 2005 09:00:00 +0100

The Fluid Character of U.S. Labor Markets

Thu, 28 Jul 2005 14:00:00 +0100

Death by a Thousand Cuts

Mon, 18 Jul 2005 10:00:00 +0100

South Park Conservatives

Fri, 15 Jul 2005 10:00:00 +0100

Toward Fundamental Tax Reform

Mon, 06 Jun 2005 12:00:00 +0100

The Global Experience of Pension Reform

Wed, 11 May 2005 13:00:00 +0100

Energy Issues in U.S.-PRC Relations

Mon, 09 May 2005 09:30:00 +0100

Economy Watch

Tue, 03 May 2005 08:30:00 +0100

What Does Homeland Security Spending Buy?

Thu, 14 Apr 2005 08:55:00 +0100

A New Approach to Personal Social Security Accounts

Tue, 29 Mar 2005 12:00:00 +0100

The Future for Investors

Fri, 11 Mar 2005 15:00:00 +0100

The Competition Solution

Thu, 10 Mar 2005 17:00:00 +0100

AEI Tax Policy Project

Thu, 10 Feb 2005 20:00:00 +0100

A Briefing on the Economic State of the Union

Wed, 02 Feb 2005 10:00:00 +0100

Taxes and the Job Market

Fri, 14 Jan 2005 09:30:00 +0100

The World's Banker

Mon, 13 Dec 2004 09:30:00 +0100

Domestic Effects of Foreign Direct Investment

Thu, 02 Dec 2004 08:50:00 +0100

Success Taxes, Entrepreneurial Entry, and Innovation

Fri, 12 Nov 2004 09:30:00 +0100

The 2004 Election and the Economy

Wed, 27 Oct 2004 08:00:00 +0100

The Incentives of Education Savings Accounts

Fri, 22 Oct 2004 10:00:00 +0100

Are Capital Taxes Harmful?

Fri, 08 Oct 2004 10:30:00 +0100

Media Bias

Mon, 13 Sep 2004 13:00:00 +0100

Election Year Health Proposals

Mon, 13 Sep 2004 09:00:00 +0100

Rational Exuberance

Fri, 23 Jul 2004 09:30:00 +0100

Agriculture and the Doha Round

Wed, 09 Jun 2004 10:00:00 +0100

How Jobless Is Our Recovery?

Mon, 10 May 2004 09:00:00 +0100

Trade War or Transatlantic Market Place?

Thu, 29 Apr 2004 09:00:00 +0100

Do the SEC's Shareholder Voting Rules Serve Any Useful Purpose?

Mon, 08 Mar 2004 14:00:00 +0100

The Advantages of High Productivity Growth

Wed, 25 Feb 2004 08:45:00 +0100

Government Policy and Financial Market Stability

Fri, 06 Feb 2004 09:00:00 +0100

Who Should Bear Tax Compliance Costs?

Wed, 04 Feb 2004 09:30:00 +0100

Legacy: Paying the Price for the Clinton Years

Tue, 03 Feb 2004 13:00:00 +0100

Saving Social Security

Thu, 29 Jan 2004 08:30:00 +0100

Mutual Fund Litigation and Regulation

Wed, 28 Jan 2004 09:00:00 +0100

The Democratic Presidential Campaigns Respond to the State of the Union

Wed, 21 Jan 2004 08:30:00 +0100

State of the Union

Tue, 20 Jan 2004 10:00:00 +0100

Expensing Employee Stock Options Looks Like a Major Mistake

Thu, 08 Jan 2004 11:00:00 +0100

Consumer Spending and the 2001 Tax Rebates

Fri, 07 Nov 2003 10:00:00 +0100

Static versus Dynamic Scoring

Wed, 05 Nov 2003 09:00:00 +0100

The Two Percent Solution

Wed, 22 Oct 2003 15:00:00 +0100

Economic Policy and the 2004 Election Debate

Fri, 10 Oct 2003 09:00:00 +0100

The Profitability of New York Stock Exchange Specialists

Wed, 08 Oct 2003 10:00:00 +0100

Relaunching the Transatlantic Partnership

Thu, 02 Oct 2003 20:30:00 +0100

AEI Trade Policy Briefing

Wed, 17 Sep 2003 10:30:00 +0100

Briefing: Cancun Ministerial Conference

Mon, 08 Sep 2003 10:00:00 +0100

The New World of E-Commerce Taxation

Fri, 05 Sep 2003 10:30:00 +0100

The Debate over Updating Pay Regulations

Thu, 04 Sep 2003 09:00:00 +0100

Will the Recent Tax Cuts Get People to Work More?

Fri, 11 Jul 2003 09:30:00 +0100

Boom after Baghdad?

Fri, 16 May 2003 09:00:00 +0100

Time Bombs in the Federal Budget

Fri, 09 May 2003 09:30:00 +0100

Social Security, the Government Budget, and National Savings

Fri, 04 Apr 2003 09:30:00 +0100

The Ripple Effects of the War against Iraq

Fri, 28 Mar 2003 09:30:00 +0100

A Tribute to Allan H. Meltzer

Wed, 26 Feb 2003 09:00:00 +0100

Is the Fed Biased toward Inflation or Deflation?

Mon, 24 Feb 2003 10:00:00 +0100

The Best of Both Worlds

Thu, 13 Feb 2003 09:00:00 +0100

Have We Overestimated the Importance of Audited Earnings?

Thu, 23 Jan 2003 09:00:00 +0100

The Effect of Wealth on Household Spending

Wed, 18 Dec 2002 10:00:00 +0100

The Future of American Taxation

Tue, 10 Dec 2002 09:45:00 +0100

The Social Security Trust Fund

Mon, 09 Dec 2002 09:00:00 +0100

Employee Stock Options and Corporate Earnings

Wed, 20 Nov 2002 09:00:00 +0100

Bubbleology

Fri, 25 Oct 2002 12:30:00 +0100

Productivity in the Twenty-first Century

Wed, 23 Oct 2002 09:00:00 +0100

How Does the Trend toward Collegiate Diversity Affect Future Admissions and Financial Aid?

Thu, 26 Sep 2002 10:15:00 +0100

Do Consolidated Trials Favor Plaintiffs in Litigation?

Wed, 18 Sep 2002 10:15:00 +0100

Do Taxes Affect Entrepreneurial Activity?

Tue, 17 Sep 2002 10:15:00 +0100

Will Changing Budget Estimates Improve Policy?

Thu, 13 Jun 2002 12:00:00 +0100

When Does a Downturn Become a Recession?

Thu, 30 May 2002 10:00:00 +0100

What Direction for the European Union?

Wed, 29 May 2002 10:15:00 +0100

Do Democracies Bankrupt Social Security Programs?

Fri, 26 Apr 2002 10:15:00 +0100

The Tax Policy Outlook

Mon, 15 Apr 2002 08:45:00 +0100

Will Voluntary Personal Accounts Save Social Security?

Fri, 05 Apr 2002 09:15:00 +0100

Does a Stimulus Package Have Unintended Consequences?

Thu, 04 Apr 2002 14:00:00 +0100

Does School Choice Harm Public Schools?

Fri, 29 Mar 2002 09:15:00 +0100

Do 401(k) Plans Help Retirees and the U.S. Economy?

Thu, 21 Mar 2002 14:00:00 +0100

Income Inequality in the United States

Fri, 15 Mar 2002 09:15:00 +0100

Should the WTO Determine U.S. Tax Policy?

Mon, 10 Dec 2001 01:30:00 +0100

How Redistributive Is Social Security?

Mon, 15 Oct 2001 13:00:00 +0100

President Bush's Tax Plan and the Economy

Fri, 12 Oct 2001 09:15:00 +0100

When Is a Tax Not a Tax?

Fri, 21 Sep 2001 21:15:00 +0100

The Coming Generational Storm

Thu, 28 Jun 2001 09:15:00 +0100

What Are the Right Lessons from the California Energy Crisis?

Thu, 14 Jun 2001 10:00:00 +0100

Current Policy Issues in Securities Regulation

Wed, 30 May 2001 10:00:00 +0100

The President's Tax Plan, the Stock Market, and Investment Incentives

Fri, 18 May 2001 09:15:00 +0100

Responsible Tax Credits for Health Insurance

Fri, 20 Apr 2001 10:30:00 +0100

Blueprint for International Tax Reform

Fri, 09 Mar 2001 09:15:00 +0100

How Would President Bush's Tax Plan Affect the Economy?

Mon, 05 Mar 2001 10:00:00 +0100

What the New President Should Do about Social Security

Fri, 15 Dec 2000 09:00:00 +0100

Does Government Spending Harm the Economy?

Fri, 03 Nov 2000 09:00:00 +0100

Do Individual Retirement Accounts Raise Tax Revenue?

Fri, 15 Sep 2000 09:15:00 +0100

Private and Public Insurance

Fri, 23 Jun 2000 09:15:00 +0100

Responsible Tax Credits for Health Insurance

Fri, 02 Jun 2000 10:15:00 +0100

The Effects of Tax Policy on the Decision to Start a Small Business

Fri, 19 May 2000 09:15:00 +0100

Would Lower-Income Groups Suffer under an Investment-Based Social Security System?

Fri, 28 Apr 2000 09:15:00 +0100

The Efficiency Cost of the U.S. Estate Tax

Fri, 03 Mar 2000 09:15:00 +0100

Tax Policies of the Presidential Candidates

Fri, 21 Jan 2000 09:15:00 +0100

Saving the Euro

Mon, 22 Nov 1999 10:00:00 +0100

Sales Taxes for the United States

Fri, 19 Nov 1999 09:15:00 +0100

The Impact of the Recovery Act on Economic Growth

Thu, 29 Oct 2009 00:00:00 +0100

A survey of economists would show a significant difference of opinion concerning optimal policy responses to a recession.

The Economic Outlook and Budget Challenges

Fri, 27 Feb 2009 00:00:00 +0100

Pursuing short-term remedies at the expense of the nation's long-term fiscal health would be detrimental to the economy.

Testimony Before the Senate Republican Policy Committee

Mon, 02 Feb 2009 00:00:00 +0100

Until recently, there was wide consensus among macroeconomists that activist fiscal policy was inadvisable.

Supreme Court Amicus Brief in Davis v. Kentucky Department of Revenue

Fri, 21 Sep 2007 00:00:00 +0100

Amicus brief on the Writ of Certiorari to the Court of Appeals of Kentucky.

The Stealth Tax That's No Longer a Wealth Tax

Wed, 27 Jun 2007 00:00:00 +0100

Testimony on reforming the alternative minimum tax (AMT) such that it does not needlessly harm uninformed taxpayers.

Blowing the Cover on Stealth Tax

Mon, 23 May 2005 00:00:00 +0100

Alternative Minimum Tax reform is necessary and urgently needed.

Pharmaceutical Price Controls in OECD Countries

Tue, 03 Aug 2004 00:00:00 +0100

Intrusive and aggressive price regulation by the U.S. government could have devastating effects on the pharmaceutical market.

The FASB Stock Options Proposal

Wed, 21 Apr 2004 00:00:00 +0100

The author discusses the impact of options policy on publicly traded firms and the economy.

The Future of Fiscal Policy in the United States

Wed, 30 Apr 2003 00:00:00 +0100

In order to adopt the policies that improve the efficiency of the tax code, budget hawks should be willing to pay for reforms by passing up tax measures that are more sound bite than sound policy.

Evaluation of Proposals for Economic Growth and Job Creation

Wed, 12 Feb 2003 00:00:00 +0100

Testimony by Kevin A. Hassett before the Senate Finance Committee on February 12, 2003.

Dynamic Scoring

Thu, 02 May 2002 00:00:00 +0100

Testimony by Kevin A. Hassett before the House Committee on the Budget on May 2, 2002.

Some Intuition Concerning the Benefits of Consumption Taxation

Thu, 02 May 2002 00:00:00 +0100

Testimony by Kevin A. Hassett before the House Committee on Ways and Means on May 2, 2002.

The Economic Stimulus

Thu, 25 Oct 2001 00:00:00 +0100

Kevin A. Hassett's October 25, 2001, testimony before the Senate Budget Committee on the Economic Stimulus.

The Role of Tax Incentives in Energy Policy

Tue, 10 Jul 2001 00:00:00 +0100

Testimony of Kevin A. Hassett before the Senate finance committee about the economics of tax credits and the role of tax incentives in energy policy.

Budget Enforcement Act

Wed, 27 Jun 2001 00:00:00 +0100

Despite these spending increases, the revenue surge was significant enough that surpluses, and the temptation to spend them, remain.

Budget Outlook and Tax Policy

Tue, 13 Feb 2001 00:00:00 +0100

The best preparation for our long run deficit is to put our tax house in order and use the tax code to stimulate savings and capital formation.

The Networking and Information Technology Research and Development Act of 1999

Thu, 01 Jul 1999 01:00:00 +0100

Statement before the Committee on Science's Technology Subcommittee.

The Deficit Endgame

Thu, 17 Sep 2009 00:00:00 +0100

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.

Moving Towards a Unified Credit for Low Income Workers

Mon, 10 Aug 2009 00:00:00 +0100

Replacing all of the seven different tax credits allowed under the current tax code with a simple policy holds significant promise.

The Consumer Burden of a Carbon Tax on Gasoline

Tue, 26 May 2009 00:00:00 +0100

This paper measures the incidence of a carbon tax on gasoline using current income and two measures of lifetime income to rank households.

A Not-So-New Direction for Tax Policy

Fri, 01 May 2009 00:00:00 +0100

The stimulus bill has set the United States up for a truly momentous year in the history of tax policy.

Why Fiscal Stimulus Is Unlikely to Work

Tue, 03 Mar 2009 00:00:00 +0100

Until recently, there was wide consensus among macroeconomists that activist fiscal policy was inadvisable.

The Consumer Burden of a Cap-and-Trade System with Freely Allocated Permits

Tue, 23 Dec 2008 00:00:00 +0100

One critical economic question surrounding cap-and-trade is how to distribute the permits.

The Incidence of a U.S. Carbon Tax

Thu, 31 Jan 2008 00:00:00 +0100

Carbon taxes are more regressive when annual income is used as a measure of economic welfare than when proxies for lifetime income are used.

Predicting Tax Reform

Wed, 01 Aug 2007 00:00:00 +0100

Despite the frequency of tax changes and their potential importance to investors, there has been relatively little modeling of anticipated tax changes.

Revenue-Maximizing Corporate Income Taxes

Tue, 31 Jul 2007 00:00:00 +0100

ALaffer curve has existed in the international corporate tax sphere since the 1980s.

The Taxation of Corporate Gains on Sales of Depreciable Property (Technical Version)

Mon, 04 Jun 2007 00:00:00 +0100

Corporate capital gains deserve a closer look.

An Empirical Analysis of Middle Class Welfare

Fri, 19 Jan 2007 00:00:00 +0100

Does the Census Bureau's annual population survey present an accurate picture?

Taxes and Wages

Thu, 06 Jul 2006 00:00:00 +0100

To what are wage rates responsive? Does labor bear the burden of taxes?

Taxes and Wages

Mon, 06 Mar 2006 00:00:00 +0100

What is the link between taxes and manufacturing wages?

New Evidence on the Dynamics of Drug Discovery

Fri, 10 Feb 2006 00:00:00 +0100

Have drug discovery efforts been less successful in the recent past?

Dividend Taxes and Firm Valuation

Tue, 17 Jan 2006 00:00:00 +0100

An extended analysis of Auerbach and Hassett's 2005 study, "The 2003 Dividend Tax Cuts and the Value of the Firm."

Dividend Taxes and Firm Valuation

Mon, 02 Jan 2006 00:00:00 +0100

What are the effects of dividend taxation?

Optimal Long-Run Fiscal Policy

Tue, 06 Dec 2005 00:00:00 +0100

We construct a computational dynamic stochasticand explore the impact of policy stickiness on optimal long-run fiscal policy.

How Do Tax Policies Affect Low Income Workers?

Tue, 06 Dec 2005 00:00:00 +0100

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.

The 2003 Dividend Tax Cuts and the Value of the Firm

Tue, 06 Dec 2005 00:00:00 +0100

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.

How Do Tax Policies Affect Low Income Workers?

Tue, 06 Sep 2005 00:00:00 +0100

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.

The 2003 Dividend Tax Cuts and the Value of the Firm

Wed, 06 Jul 2005 00:00:00 +0100

Whilesome of the effects of dividend tax policyhave been consistent with both new and traditional views of dividend taxation, further evidence points towarda new view.

Marginal Tax Rates in 2004 vs. 1988

Mon, 21 Mar 2005 00:00:00 +0100

A comparison of the effects of marginal tax rates on families in 1988 and 2004.

Is Newspaper Coverage of Economic Events Politically Biased?

Mon, 13 Sep 2004 00:00:00 +0100

This paper develops an econometric technique to test for political bias in news reports that controls for the underlying character of the news reported.

An Analysis of the Ten-Year Costs of Senator Kerry's Spending Proposals

Thu, 12 Aug 2004 01:00:00 +0100

This studydevelops an estimate for the total impact of John Kerry’s spending proposals over ten years.

Price Controls and the Evolution of Pharmaceutical Markets

Tue, 20 Jul 2004 00:00:00 +0100

This paper reviews a large literature on the effects of pharmaceutical industry price controls on the organization and practices of firms.

The Fiscal and Social Costs of Consolidating Student Loans at Fixed Interest Rates

Tue, 13 Apr 2004 00:00:00 +0100

This studydiscussesprojected costs of the federal government's student loan consolidation program.

Comments and Discussion

Thu, 01 Jan 2004 00:00:00 +0100

Comments on a paper by Mihir Desai and Austan Goolsbee on the impact of recent corporate tax changes on investment behavior.

The Economic and Legal Consequences of Requiring the Expensing of Employee Stock Options ...

Tue, 04 Feb 2003 00:00:00 +0100

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.

Does the U.S. Corporate Tax Have a Future?

Fri, 08 Nov 2002 01:00:00 +0100

While the high tax on corporate income makes little sense from an optimal tax perspective, it makes even less sense from the perspective of international competitiveness.

The Role of Competition in Stimulating Telecom Investment

Wed, 02 Oct 2002 01:00:00 +0100

Strengthening competition in the telecom sector is the key to restoring telecom investment.

Fiscal Policy and Uncertainty

Wed, 02 Oct 2002 00:00:00 +0100

When forumulating fiscal policy, to what extent can policymakers accurately assess policy and to what extent do private agents act in undesirable and unforseen ways?

Investment Behavior, Observable Expectations, and Internal Funds

Mon, 02 Sep 2002 00:00:00 +0100

The authors use earnings forecasts from securities analysts to construct more accurate measures of the fundamentals that affect the expected returns to investment.

Optimal Long-Run Fiscal Policy

Tue, 01 Jan 2002 00:00:00 +0100

Optimal long-run fiscal policy is examined through a computational stochastic overlapping generations general equilibrium model with uncertain lifetimes.

On the Marginal Source of Investment Funds

Tue, 01 Aug 2000 00:00:00 +0100

Dividends do respond to investment and cash flow for the nonfinancial corporate sectors, and this undercuts the traditional view that dividend taxes raise the cost of capital.

Investment and Union Certification

Thu, 01 Jul 1999 00:00:00 +0100

Can Irreversibility Explain the Slow Diffusion of Energy Saving Technologies?

Mon, 01 Jan 1996 00:00:00 +0100

Taxation and Corporate Investment

Sat, 01 Jul 1995 00:00:00 +0100

Hassett, Auerbach, and Soderstein discuss taxation and corporate investment.

Who Pays Broad-Based Energy Taxes? Computing Lifetime and Regional Incidence

Sat, 01 Jan 1994 00:00:00 +0100

Reassessing the Social Returns to Equipment Investment

Sat, 01 Jan 1994 00:00:00 +0100

A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments

Sat, 01 Jan 1994 00:00:00 +0100

Energy Conservation and Investment

Tue, 01 Jun 1993 00:00:00 +0100

Taxation and Foreign Direct Investment in the United States

Fri, 01 Jan 1993 00:00:00 +0100

Instrument Choice and Tests for a Unit Root

Tue, 01 Jan 1991 00:00:00 +0100

Investment, Tax Policy and the Tax Reform Act of 1986

Mon, 01 Jan 1990 00:00:00 +0100

Uncertainty and the Design of Long-Run Fiscal Policy

Mon, 01 Jan 1990 00:00:00 +0100

Hassett and Auerbach discuss long-run fiscal policy.

Climate Change: Caps vs. Taxes

Fri, 01 Jun 2007 00:00:00 +0100

Which climate policy approach will succeed the Kyoto Protocol: cap-and-trade or a carbon tax?

The Auto Industry's Future

Mon, 24 Nov 2008 00:00:00 +0100

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.

The Rich, Soaked

Tue, 09 Sep 2008 00:00:00 +0100

The tax share of the rich has gone up a lot more since 2000 than their income share has.

Corporate Taxes Are Killing the U.S. Auto Industry

Tue, 26 Aug 2008 00:00:00 +0100

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.

Inflation Menace Has Echoes of Volcker's Days

Thu, 10 Jul 2008 00:00:00 +0100

The Federal Reservemay have to address inflation sooner than it would like in order to avoid reliving the economic problems of the early eighties.

Little League, Huge Effect

Tue, 20 May 2008 00:00:00 +0100

Youth sports shape the economic, academic, and social prospects of Americans.

An Energy Tax Policy for the Twenty-First Century

Thu, 09 Aug 2007 00:00:00 +0100

What is wrong with current U.S. energy tax policy? What kind of policy is appropriate for the twenty-first century?

Why We Pay without a Whimper

Mon, 07 May 2007 00:00:00 +0100

The tax beast that has evolved in this land may be a monstrosity, but it is our monstrosity.

Foreign Aid

Fri, 16 Mar 2007 01:00:00 +0100

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.

Understanding the Role of the United States in the Global Economy

Fri, 01 Aug 2003 00:00:00 +0100

Far from being a predator in the world economy, America offers an invaluable market to the developing world.

How Europe Sows Misery in Africa

Tue, 01 Jul 2003 00:00:00 +0100

EU farm aid not only subsidizes inefficiency, but also has enormously damaging effects on poor African farmers.

Searching for Sense in the Tax Cut Debate

Sat, 01 Dec 2001 00:00:00 +0100

The long-term tax cuts under consideration in Congress will result in moderate deficit increases, and moderate increases have little or no effect on interest rates.

Social Security Reform Can't Wait

Sat, 01 Sep 2001 00:00:00 +0100

Social Security Trust Fund increases rather than decreases the uncertainty citizens face in planning for retirement, and it does not concentrate benefits among the poor.

A Prescription for the Economy

Fri, 01 Jun 2001 00:00:00 +0100

The current energy shock could push the country into a short-term recession, but only policy blunders would likely be able to prevent a quick recovery.

Dow 36,000?

Tue, 01 May 2001 01:00:00 +0100

Although turbulence in the U.S. stock market over the past year has unnerved many investors, stocks remain by far the best long-term form of investment for most people.

Putting Our Tax House in Order

Thu, 01 Mar 2001 00:00:00 +0100

The weak economy, the large current government surplus, and the large long-run government deficit all argue for the tax reductions that Bush has proposed.

Is Collective Purchasing Good or Bad for the Economy?

Thu, 01 Feb 2001 01:00:00 +0100

Advances in information technology are allowing consumers to bargain as a single buyer and drive prices down.

Did the Fed's Obsession with Stocks Cause It to Miss the Slowdown?

Mon, 01 Jan 2001 01:00:00 +0100

The Federal Reserve’s excessive concern with keeping the stock market at a "reasonable" level has caused it to react tardily to signs that the economy was cooling off late last year.

A Tax Phantom Is Stalking You

Sun, 01 Oct 2000 00:00:00 +0100

Although inflation can no longer push Americans into higher income tax brackets, real economic growth still can--and does.

Hey, Mr. Greenspan

Sat, 01 Jul 2000 00:00:00 +0100

The Federal Reserve Board should not raise interest rates to combat the supposed "wealth effect" caused by the booming stock market.

The McCain Tax Plan

Thu, 10 Feb 2000 00:00:00 +0100

Three AEI economists debate the merits of Senator JohnMcCain's (Ariz.)tax reform proposals.

Bubbloney

Fri, 03 Sep 1999 01:00:00 +0100

The stock market is not overvalued today and, furthermore, that no one has convincingly shown that the U.S. market as a whole has ever been in a bubble.

Your Surplus Checks Aren't in the Mail Yet

Thu, 05 Aug 1999 00:00:00 +0100

Most American households will receive only a trivial tax cut from the bill passed this month by Congress.

Stock Prices Are Still Far Too Low

Wed, 17 Mar 1999 01:00:00 +0100

The U.S. stock market, despite astonishing price appreciation over the past seventeen years, could triple or quadruple in value without exceeding its true worth.