Presidential candidates campaign with soaring rhetoric, but presidents and their advisers make actual policy with spreadsheets.
Institute an immediate and permanent reduction in the payroll tax.
Most often, the slogan "fair trade" is little more than a rallying cry for protectionism.
There are ample reasons to doubt whether a huge increase in government spending is what the economy needs.
Recent economic research suggests that a dollar of government spending raises GDP by $1 but that a dollar of tax cuts raises GDP by $3.
Although John Maynard Keynes died more than a half-century ago, his diagnosis of recessions and depressions remains the foundation of modern macroeconomics.
As the president-elect gets ready for new responsibilities, here are four ways for himto become a reliable steward of the economy.
Do we have the economic knowledge to avoid another Great Depression?
On the issue of dividend taxation, Barack Obama may be the candidate with the best chance of preserving George Bush's legacy.
What would it take to put the nation's economists solidly behind a presidential candidate?
The revenue loss from reducing the corporate tax rate would be smaller than one might expect--and a gas tax increase might make up any shortfall.
AEI Online
April 28, 2008
Education is the key to understanding broad inequality trends.
The gap between the economic elite and the lower classappears tobegrowing.
Free trade will likely be an important issue in the 2008 presidential race.
Although they are politically unpalatable, Pigovian taxes are eminently sensible as judged by standard principles of economics.
My birthday wish is for all of us to stop asking what the government can do for us today. Instead, we should focus on preparing the economy for our children and grandchildren.
Whatshould Congress and the president be doing now to keep the economy on track? The right answer: absolutely nothing.
AEI Online
November 20, 2007
The public must understand the scope of health care issues and not be fooled into thinking problems are worse than they really are.
The public must understand the scope of health care issues and not be fooled into thinking problems are worse than they really are.
A "carbon tax" could be used to combat global warming.
Claims that the government does not tax the richest Americansenough do not hold up under close scrutiny.
With the midterm election around the corner, here's a wacky idea you won't often hear from our elected leaders.
TheTreasury's new reportis not the last word on dynamic analysis, but it is a big step toward a more realistic view of tax policy.
While Mr. Snow helped steer the economy through a recessionary storm, he leaves for Mr. Paulson a more daunting task--getting the long-term fiscal numbers to add up.
Since I knowthat economic policy makers inside the Beltway are often too busy forintrospection, my gift to them is a list of seven New Year's resolutions.
AEI Online
December 7, 2005
We examineways in which economists can communicate more effectively to policymakers and the broader public about offshoring and international trade.
As the confirmation hearings for the new Fed chairman approach, the most intriguing questionsare those Mr. Bernankemust be contemplating quietly on his own.
Foreign Affairs
August 19, 2005
Washington should be eager to limit the use of antidumping policy;doing so would greatly benefit both American consumers and producers and ensure competition.
How tohandle Social Security;a seven-step program for recovering obstructionist Democrats.
AEI-International Tax Policy Forum Conference
December 2, 2004
The author presents a keynote speech on the economic agenda at the International Tax Policy Forum, December 2, 2004.
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