Debt and Deficits
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Congress Is Moving the Goalposts on Fiscal Responsibility
Is targeting three percent of GDP a turning point, or another empty promise?
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Could a Rule-Bound Fed Constrain Congressional Spending?
The Fed’s lack of clear rules makes it vulnerable to outside pressure. A commitment to price stability could force Congress to confront its own excesses.
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Silent Cal’s Loud Lesson on Tax Cuts
A century ago, the federal government ran surpluses under lower tax rates. But that’s impossible with our out-of-control spending.
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Bigger Isn’t Better: A Case for Downsizing the Federal Reserve
Does the Fed need 24,000 employees? A leaner, more automated institution could reduce costs and improve transparency.
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Congress Knows It Has a Spending Problem, But Won’t Fix It
Fiscal discipline is politically costly, but inaction will be disastrous. How can we restore sanity to federal budgeting?
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Can Immigration Address America’s Fiscal Nightmare? It Depends
High-skilled workers tend to strengthen government budgets, while low-skilled immigration can add fiscal pressure. The composition of immigration matters as much as the number.
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Stop Lamenting Inequality—Start Questioning Bad Policy
Global inequality has narrowed and the poor are gaining ground. If the system feels rigged, we should look to government policies that suppress competition and reward insiders.
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AI Won’t Fix America’s Looming Debt Crisis
Even if the government hits the tax revenue jackpot, it’s naïve to assume lawmakers would pay down the debt.
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America’s Debt Is a National Security Risk
Years of structural deficits have eroded the fiscal capacity needed to confront geopolitical threats. Overspending threatens our security.
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The Student Loan Reckoning Has Arrived
Pandemic forbearance and reporting “on-ramps” masked mounting strain, but loans are now coming due, and serious delinquencies are rising.
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•
Congress Is Moving the Goalposts on Fiscal Responsibility
Is targeting three percent of GDP a turning point, or another empty promise?
-
•
Could a Rule-Bound Fed Constrain Congressional Spending?
The Fed’s lack of clear rules makes it vulnerable to outside pressure. A commitment to price stability could force Congress to confront its own excesses.
-
•
Silent Cal’s Loud Lesson on Tax Cuts
A century ago, the federal government ran surpluses under lower tax rates. But that’s impossible with our out-of-control spending.
-
•
Bigger Isn’t Better: A Case for Downsizing the Federal Reserve
Does the Fed need 24,000 employees? A leaner, more automated institution could reduce costs and improve transparency.
-
•
Congress Knows It Has a Spending Problem, But Won’t Fix It
Fiscal discipline is politically costly, but inaction will be disastrous. How can we restore sanity to federal budgeting?
-
•
Can Immigration Address America’s Fiscal Nightmare? It Depends
High-skilled workers tend to strengthen government budgets, while low-skilled immigration can add fiscal pressure. The composition of immigration matters as much as the number.
-
•
Stop Lamenting Inequality—Start Questioning Bad Policy
Global inequality has narrowed and the poor are gaining ground. If the system feels rigged, we should look to government policies that suppress competition and reward insiders.
-
•
AI Won’t Fix America’s Looming Debt Crisis
Even if the government hits the tax revenue jackpot, it’s naïve to assume lawmakers would pay down the debt.
-
•
America’s Debt Is a National Security Risk
Years of structural deficits have eroded the fiscal capacity needed to confront geopolitical threats. Overspending threatens our security.
-
•
The Student Loan Reckoning Has Arrived
Pandemic forbearance and reporting “on-ramps” masked mounting strain, but loans are now coming due, and serious delinquencies are rising.