Inflation & Taxes
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Chicago’s Hotel Tax Gamble: Raising Prices to Attract Tourists
By hiking its hotel tax to 19 percent, Chicago is funding marketing meant to draw visitors — but higher costs are likely to deter the very tourists it hopes to attract.
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Why Gold Continues to Buck Trends and Outperform Stocks
Geopolitical tensions and the global financial system have changed dramatically since 2000. Markets rise and fall; what’s propelling gold?
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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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Fed Officials Face Diverging Mandates
Evidence suggests that inflation is relatively widespread, job creation has weakened, the Fed will likely hold the policy rate steady.
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Starbucks CEO Howard Schultz Ditches Seattle After Wealth Tax Vote
Entrepreneurs are exiting high-tax states and taking corporate revenue with them. Why spend years lobbying when you can spend an afternoon on Zillow?
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The End of Pax Americana
America’s retreat from free trade is weakening the economic foundation that sustained Pax Americana for generations.
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Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
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The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
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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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Defusing the Social Security Time Bomb
Minor adjustments cannot fix a pay-as-you-go system strained by demographic reality. Restoring solvency demands structural changes that emphasize ownership.
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•
Chicago’s Hotel Tax Gamble: Raising Prices to Attract Tourists
By hiking its hotel tax to 19 percent, Chicago is funding marketing meant to draw visitors — but higher costs are likely to deter the very tourists it hopes to attract.
-
•
Why Gold Continues to Buck Trends and Outperform Stocks
Geopolitical tensions and the global financial system have changed dramatically since 2000. Markets rise and fall; what’s propelling gold?
-
•
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?
-
•
Fed Officials Face Diverging Mandates
Evidence suggests that inflation is relatively widespread, job creation has weakened, the Fed will likely hold the policy rate steady.
-
•
Starbucks CEO Howard Schultz Ditches Seattle After Wealth Tax Vote
Entrepreneurs are exiting high-tax states and taking corporate revenue with them. Why spend years lobbying when you can spend an afternoon on Zillow?
-
•
The End of Pax Americana
America’s retreat from free trade is weakening the economic foundation that sustained Pax Americana for generations.
-
•
Warsh: The Fed Helped Create Fiscal Dominance
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a “general-purpose agency of government.”
-
•
The Fed Has a Groupthink Problem. Warsh Can Fix It
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warsh’s out-of-sync views could bring much-needed diversity to the Fed.
-
•
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.
-
•
Defusing the Social Security Time Bomb
Minor adjustments cannot fix a pay-as-you-go system strained by demographic reality. Restoring solvency demands structural changes that emphasize ownership.