A St. Louis Fed paper is being cited as 'proof' that affordable housing goals did not contribute to the subprime mortgage boom. While it might delight some lawmakers by supporting their position, the paper’s analysis is mistaken.
For 50 years, the IRS has been exceeding its authority. The agency should get out of the business of regulating political speech.
If universal pre-K is as critical as New York Mayor Bill de Blasio insists, funding should be found by cutting lower-priority programs, not through his proposed new income tax.
Instead of protesting better private transportation for others, San Franciscans should demand improved public services.
Several developments should cause the U.S. Treasury to reverse itself in favor of a smaller International Monetary Fund.
Human emotions and animal spirits are increasingly driving economic outcomes.
The Organization of American States is betraying its essential mission to defend representative democracy.
To overcome its deadly corruption and chaos, Mexico needs to increase its defense spending and freedom-oriented reforms.
House Ways and Means Committee Chairman Dave Camp’s tax reform proposal shows political courage and embraces admirable policy objectives.
Detroit recently submitted its financial restructuring plan to court and approved a privatization deal. Here are several other proposals for turning the city around.
GDP statistics lead us to take an overly pessimistic view of the economy. There is no Great Stagnation. There is only a widening gap between the rate of economic improvement and our ability to measure that improvement.
The new elite class of America is the old one: America’s mainline Protestant Christians in both the glory and the annoyingness of their moral confidence and spiritual certainty. They just stripped out the Christianity along the way.
Fact-free he began and fact-free he remains.
A half century worth of experience does not support the thesis that diplomacy with rogue regimes or terrorist groups brings peace. Rather, diplomacy misapplied can be the shortest path to war.
Nixon’s visit to China turned out to be his greatest moment as president. He had brought about a diplomatic revolution that produced the modern diplomatic world.
With intensifying unrest and the Maduro regime fighting a losing battle for survival, it appears that Hugo Chávez’s ‘Bolivarian revolution’ will outlive him by about a year.
The new head of the Federal Reserve is imprudently dismissive of concerns about recent international economic developments.
Americans celebrated Washington’s birthday long before Congress in 1879 declared it a holiday for federal workers in the District of Columbia, and, in 1885, a holiday for federal employees everywhere.
Giving elected officials the power to change the ways that public employees earn future benefits may make the difference in avoiding further Detroits.
Germany’s radical initiative to subsidize renewable electricity generation has resulted in higher carbon dioxide emissions and the most expensive electricity in Europe, with the poor disproportionately bearing the burden.