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A New America Foundation proposal would cost 3.7 percent of GDP and crowd out the private saving that drives our economy.
Nobel Prize laureates are avoiding heavy taxes on their prize money via a loophole that benefits charities. President Obama and former vice president Al Gore both gave away their prize money — at the expense of the IRS.
Our tax system’s unnecessary complexity creates unfairness and uncertainty. With a few reforms, it could be more growth-friendly, simple, and fair.
An illustration of the impact of financial regulation on capital allocation is the extent to which the world's savings have been attracted to long-term instruments with low yields.
Our debate should not be about income redistribution or debt reduction but rather about how to achieve broadly shared growth — because when we achieve that, history shows that the deficit and the middle class will benefit.
Sweden seems to be an egalitarian, feminist utopia. So why are American women ahead of their Swedish counterparts in breaking through the glass ceiling?
Should we still be worried even if North Korea’s Kim Jong-un is only bluffing? The best policy may be to humor him.
Some ‘innovations’ are merely new names for ways of lowering credit standards, running up leverage, and increasing risk. How do we know what’s real and what’s not?
The majority of private sector job growth is from small businesses, and reforming licensing requirements is a promising route to increased business formation.
The State Department is reportedly considering dropping Cuba’s designation as a state sponsor of terrorism. Doing so would hand Havana a major – and unmerited – diplomatic victory.
Farmers have been taking on mounting debt, creating an unsustainable increase in land prices and risking a crash that would ripple through our economy.
Latin American countries have finally rallied and rejected a bid by leftist regimes to silence the region’s human rights watchdog. Now regional democracies must restore the organization’s credibility after years of yielding to Chavistas.
Any calm bought by the IMF-EU bailout package for Cyprus will be short-lived. Cyprus is all but certain to experience an economic collapse over the next two years, and the country will again question whether it should remain in the euro.
When considering trends in equality, income is important, but health is arguably a prerequisite for all other measures of well-being.
Jonathan Last’s recent book gives an incisive analysis of the plummeting U.S. birth rate's key economic effects.