Fiscal Policy
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An Evergreen Warning About Social Security
A new book from Cato answers old questions: can Social Security remain solvent as lifetimes lengthen and birth rates fall?
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Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
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Rewarding Good Governance: How Foot-Voters Benefit Society
Governance improves when people and businesses are free to leave high-tax, low-value jurisdictions. Competition can improve public policy just as it improves products and services.
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States Relying on Federal Aid Face a Reckoning
Pandemic-era aid allowed many states to expand spending without confronting long-term costs. The bill is coming due.
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Trump v. Cook Carve-Out Leaves the Fed Above the Law
The Roberts Court restored presidential authority over executive agencies while shielding the Federal Reserve from the same rule.
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Nearly All Monetary Rules Say the Fed Should Raise Rates
Continued inflation, hawkish regional bank presidents, and 11 of 12 monetary policy rules suggest the Fed should raise rates. The price of the Fed’s “patience” could be paid economy wide.
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Measuring Trump 2.0 Against Trump 1.0: Tariff Boasts Meet the Data
Trump credits tariffs for an economic “turnaround.” The data show stronger economic performance in his first term than in his second.
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Early Progressives Understood What Minimum Wages Do
Progressives once embraced minimum wages as a tool to exclude marginal workers from the labor market. Modern advocates have different goals, but the same economic effect.
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Big Government Is Why Politics Keeps Getting More Extreme
James Buchanan’s Public Choice framework helps explain why political conflict intensifies and rhetoric becomes more divisive as government power grows.
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If Congress Wants a Raise, It Should Do Its Job
A Congress that routinely misses budget deadlines and adds to an unsustainable debt burden should not expect automatic raises with no accountability.
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An Evergreen Warning About Social Security
A new book from Cato answers old questions: can Social Security remain solvent as lifetimes lengthen and birth rates fall?
-
•
Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
-
•
Rewarding Good Governance: How Foot-Voters Benefit Society
Governance improves when people and businesses are free to leave high-tax, low-value jurisdictions. Competition can improve public policy just as it improves products and services.
-
•
States Relying on Federal Aid Face a Reckoning
Pandemic-era aid allowed many states to expand spending without confronting long-term costs. The bill is coming due.
-
•
Trump v. Cook Carve-Out Leaves the Fed Above the Law
The Roberts Court restored presidential authority over executive agencies while shielding the Federal Reserve from the same rule.
-
•
Nearly All Monetary Rules Say the Fed Should Raise Rates
Continued inflation, hawkish regional bank presidents, and 11 of 12 monetary policy rules suggest the Fed should raise rates. The price of the Fed’s “patience” could be paid economy wide.
-
•
Measuring Trump 2.0 Against Trump 1.0: Tariff Boasts Meet the Data
Trump credits tariffs for an economic “turnaround.” The data show stronger economic performance in his first term than in his second.
-
•
Early Progressives Understood What Minimum Wages Do
Progressives once embraced minimum wages as a tool to exclude marginal workers from the labor market. Modern advocates have different goals, but the same economic effect.
-
•
Big Government Is Why Politics Keeps Getting More Extreme
James Buchanan’s Public Choice framework helps explain why political conflict intensifies and rhetoric becomes more divisive as government power grows.
-
•
If Congress Wants a Raise, It Should Do Its Job
A Congress that routinely misses budget deadlines and adds to an unsustainable debt burden should not expect automatic raises with no accountability.