EconomyCommentary
Why Are Scientists Moving to Certain States?
What motivates top scientists to relocate? A recent National Bureau of Economic Research paper by Enrico Moretti and Daniel Wilson reports that the marginal tax… Read More
EconomyCommentary
The Key Similarities Between Greece and the US
In June, Greece defaulted on a €1.73 billion payment to the International Monetary Fund. In a national referendum shortly thereafter, the Greeks strongly rejected European… Read More
EconomyCommentary
Reagan’s Understanding of a Fair Tax System
President Reagan had a gift for proving his critics wrong. Almost none of the leading economists of the late 1970s thought that his supply-side, tax-cutting agenda, along… Read More
EconomyCommentary
Entrepreneurs Are Better Than Government, Even When Building Infrastructure
Some in Washington appear to be convinced that government spending can fix all the world’s ills, from underemployment to human error. Last month’s fatal Amtrak… Read More
EconomyCommentary
Even Obama Would Love This: Pat Boone Intros Car on ‘Shark Tank’
You can now add “entrepreneur” to entertainer Pat Boone’s repertoire. While most Americans know him as singer, actor and sometimes political activist, they may be… Read More
EconomyCommentary
The Sneaky Way Lawmakers Get Around the Earmark Ban
In the midst of the horrifying allegations that Planned Parenthood has been selling organs of aborted babies, there’s been at least a bit of good… Read More
EconomyCommentary
What Paul Krugman Gets Wrong When He Claims Minimum Wage Hikes Don’t Cost Jobs
New York Times columnist Paul Krugman wrote today about the relationship between minimum wage hikes and jobs. “There’s just no evidence that raising the minimum… Read More
EconomyCommentary
Here’s Why the Recent Proposals to Fix Social Security Disability Won’t Solve the Shortfall
The House Committee on Ways and Means held a hearing last week on “Promoting Opportunity for Disability Insurance Beneficiaries” to discuss, among other measures, a… Read More
EconomyNews
Ted Cruz Willing to Use ‘Any and All’ Tools to Stop Export-Import Bank Reauthorization
With talk of the Export-Import Bank’s reauthorization continuing on Capitol Hill, Sen. Ted Cruz said today he plans to use “any and all” tools possible… Read More
EconomyCommentary
Highway Trust Fund ‘Patch’ Uses TSA Fees to Fund Roads (Yes, Seriously)
Today the House will take up a short-term “patch” measure to shore up the Highway Trust Fund, which is set to dip below critical levels… Read More
EconomyCommentary
Why It’s the Government’s Fault Your Dishwasher Cycle Is 2 or 3 Hours Long
The guiding fiscal principle of President Obama’s 2009 Stimulus Package was simple: “Spend it as fast as you can.” Programs operating under that principle are… Read More
EconomyCommentary
How Obama’s New Overtime Pay Mandates Hurt Employees
President Barack Obama has pitched his new overtime regulations as a way to raise wages. However, even economists who support the change admit that’s unlikely… Read More
EconomyCommentary
Americans Are Pro-Trade When They Understand the Tradeoffs
In June, NBC News released a poll with the following question: Which is more important to you: Protecting American industries and jobs by limiting imports… Read More
EconomyNews
Thanks to Minimum Wage Hike, San Francisco Chipotle Customers Paying $1 More for Burrito Bowls
Following a 14 percent minimum wage increase in San Francisco, Chipotle Mexican Grill Inc. had to raise its prices proportionately, according to a report from… Read More
EconomyNews
Chicago Slaps 9% Tax on Netflix
Sorry, Chicagoans: Your Netflix bill is about to go up 9 percent. The Windy City has decided to tax a new source of revenue: streaming… Read More
EconomyNews
How Democrats Hope to Revive the Export-Import Bank
For nearly a week, the Export-Import Bank has been closed following the expiration of its charter. But Democrats in Congress are working to revive the… Read More
EconomyCommentary
The Hidden Risks of Government Loan Programs
The federal government has $3 trillion in taxpayer money tied up in loan programs. It is imperative that Congress use the best method to account… Read More
EconomyNews
Oregon Becomes First State to Try Taxing Drivers By Miles They Drive
Last week, Oregon became the first state in the U.S. to give drivers the option to be taxed by the mile instead of by the… Read More
EconomyNews
Rand Paul Exposes $25,000 Federal Grant for Oscars Museum
Sen. Rand Paul put Hollywood in the spotlight Monday revealing a $25,000 federal grant billing taxpayers for the building of an Oscars museum. The National… Read More
EconomyCommentary
Supreme Court Decision a Loss for Unelected Bureaucrats Trying to Drive Up Energy Costs
The Supreme Court handed a victory to Americans concerned with unelected bureaucrats driving up energy costs by overturning a costly regulation that lacks any meaningful… Read More
EconomyCommentary
The Federal Reserve Hasn’t Reduced Frequency of Recessions. Why Is It Necessary Again?
In two months the Federal Reserve Bank of Kansas City will hold its annual symposium in Jackson Hole, Wyoming. It is here that, for more than… Read More
EconomyCommentary
Obama’s Pessimistic Outlook Hurts Our Trade Dealings
No thanks to his fellow Democrats, President Barack Obama won a victory in Congress last week when Republicans voted to give him the authority to… Read More
EconomyCommentary
June Unemployment Rate Drop Can Be Explained by Americans Dropping Out of Work Force
Today’s Bureau of Labor Statistics’ jobs report showed solid but not spectacular labor market growth in June. The payroll survey showed net employment jumping by… Read More
Economy News
10 Tweets Reacting to Ex-Im Bank’s Expiration
The Export-Import Bank’s charter expired at midnight Tuesday—at least temporarily. Even though the 81-year-old agency has expired, supportive lawmakers may include an amendment concerning the… Read More
EconomyNews
Poverty Pimps, Free Markets and Freedom: Walter Williams Talks Race and Economics
For decades economist Walter E. Williams has served as a strong supporter for fiscal conservatism. In his interview with The Daily Signal, Williams talks about… Read More
EconomyNews
Today the Ex-Im Bank Expires. Here’s Where the 2016 Prospects Stand on the Issue.
The Export-Import Bank’s charter is set to expire Tuesday, meaning the 81-year-old agency is on course to be eliminated, at least temporarily. The bank, the official… Read More
EconomyNews
Avian Flu Could Be the ‘Worst Animal Disease Outbreak’ in Iowa’s History. Why That Matters.
Almost 50 million bird flocks in more than 20 states, not to mention the biosecurity of the nation, seem to be under the weather with… Read More
EconomyNews
The Export-Import Bank Expires Tomorrow. Here’s What You Need to Know.
The Export-Import Bank’s charter expires tomorrow, and members of Congress—who are home for a week-long recess—have run out of time to reauthorize the bank. Now,… Read More
EconomyCommentary
Export-Import Bank Connects US Taxpayers to Foreign Scandal
Marcelo Odebrecht, a Brazilian industrialist of immense wealth and power, was arrested and jailed recently on charges of corruption. He and dozens of other businessmen and… Read More
EconomyCommentary
Testimony on Using Repatriation Changes to Plug the Hole in the Highway Trust Fund
Recently, I had the honor to testify before the Ways and Means Subcommittee on Select Revenue Measures about using changes to repatriation policy as a… Read More
