Based on fairness concerns, there’s a strong case for making the tax system more marriage neutral by shifting to individual rather than family-based taxation, and for providing increased support to low-income individuals without children.
Neither party will always welcome estimates of how their proposals affect long-run growth. But the American people should welcome the prospect of their elected representatives being asked to think further ahead than the next election.
The prospect of the dollar failing, and the international monetary system with it, looks increasingly inevitable. The dollar nearly ceased to function as the world’s reserve currency in 1978, and similar symptoms can be seen today.
Shouldn’t those who contribute the funds to launch successful startups also share in any profits?
The Obama administration's approach to the public policy challenge of energy production and consumption ignores three important energy realities.
There is one effort in which everybody should wish to see China successful: preservation of the country’s farmland. It has already been reduced to well below the level needed to keep the country self-sufficient in grain production.
A one-size-fits-all minimum wage, without any adjustments for the significant differences in the cost of living across the country, will disproportionately affect low-skilled workers in low-cost areas.
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.
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.
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.
Fact-free he began and fact-free he remains.
The new head of the Federal Reserve is imprudently dismissive of concerns about recent international economic developments.
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.
Contrary to opponents of Keystone XL, the pipeline would have virtually no effect on global warming, and the world is not experiencing more frequent and extreme climate-related events.