Fiscal Policy
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State Economic Policy Is Shaping Electoral Destiny — That’s Bad News for Team Blue
States with higher taxes and heavier regulation are losing residents. That shuffle could reshape national political power for decades to come.
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Greece’s 19th Century Currant Crisis: A Warning Against ‘Temporary’ Government Support
Greek intervention to “protect” farmers rendered a temporary crisis permanent.
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Taxing, Borrowing, and Printing: Three Ways America Pays for Government
Tax bills are only the beginning. Borrowing and inflation also finance federal spending — in ways that are easier to ignore but harder to escape.
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Bootleggers, Baptists, and Others Who Benefit From Tax Complexity
Moral advocates and special interests engineer the tax code to reward those best equipped to navigate complex rules.
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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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Is Silicon Valley Shifting Right, Or Just Toward Power?
The tech industry’s growing dependence on government contracts and its fear of a ‘billionaire’ tax are reshaping political terrain.
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April Fools for America First? Higher Prices and New War
The President returned to office on promises to lower costs at home and restore our reputation abroad. Americans got the opposite.
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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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•
State Economic Policy Is Shaping Electoral Destiny — That’s Bad News for Team Blue
States with higher taxes and heavier regulation are losing residents. That shuffle could reshape national political power for decades to come.
-
•
Greece’s 19th Century Currant Crisis: A Warning Against ‘Temporary’ Government Support
Greek intervention to “protect” farmers rendered a temporary crisis permanent.
-
•
Taxing, Borrowing, and Printing: Three Ways America Pays for Government
Tax bills are only the beginning. Borrowing and inflation also finance federal spending — in ways that are easier to ignore but harder to escape.
-
•
Bootleggers, Baptists, and Others Who Benefit From Tax Complexity
Moral advocates and special interests engineer the tax code to reward those best equipped to navigate complex rules.
-
•
Congress Is Moving the Goalposts on Fiscal Responsibility
Is targeting three percent of GDP a turning point, or another empty promise?
-
•
Is Silicon Valley Shifting Right, Or Just Toward Power?
The tech industry’s growing dependence on government contracts and its fear of a ‘billionaire’ tax are reshaping political terrain.
-
•
April Fools for America First? Higher Prices and New War
The President returned to office on promises to lower costs at home and restore our reputation abroad. Americans got the opposite.
-
•
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.