Fiscal Policy
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How Congress Turned Budget Reconciliation Into a Tool for More Spending
A process designed to overcome political obstacles to deficit reduction is now helping Congress avoid the reforms that matter most.
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Who Gets Rich from Innovation? Evidence from Broadband Expansion on the Colville Reservation
The biggest winners from new technologies are usually the people who use them, not the people who invent them.
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Getting Unemployment Insurance Back to Work
The pandemic exposed weaknesses that had accumulated over decades.
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Why Fascists Admired Keynes’s Economics
Keynes saw centralized economic direction as an improvement on market coordination. This provided cover to later corporatist authoritarians who wanted to control every aspect of life.
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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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•
How Congress Turned Budget Reconciliation Into a Tool for More Spending
A process designed to overcome political obstacles to deficit reduction is now helping Congress avoid the reforms that matter most.
-
•
Who Gets Rich from Innovation? Evidence from Broadband Expansion on the Colville Reservation
The biggest winners from new technologies are usually the people who use them, not the people who invent them.
-
•
Getting Unemployment Insurance Back to Work
The pandemic exposed weaknesses that had accumulated over decades.
-
•
Why Fascists Admired Keynes’s Economics
Keynes saw centralized economic direction as an improvement on market coordination. This provided cover to later corporatist authoritarians who wanted to control every aspect of life.
-
•
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.