Regulation Has Contributed to Financial Crises for More Than a Century
The Economist and George Selgin have provided us with two complementary pieces of financial history that provide background on the founding of the Federal Reserve…. Read More
Where Your Money Goes When This Bank Gets Ahold of It
Recently, we talked about how your hard-earned money helps subsidize loans for people in other countries to buy from American companies. Our new infographic has… Read More
Party Up! and End Ex-Im
Yesterday, the world’s leading aerospace company held its first quarter earnings conference call. A Reuter’s headline sums up the call: “Boeing cash register rings again,… Read More
Why Your Boss Probably Isn’t Speaking at This Conference
American companies like Boeing, General Electric, Caterpillar, and John Deere are in the club. What about your company? These are just a few of the… Read More
Fannie-Freddie 2.0: Government Housing Polices Shouldn’t Get a Free Pass
Secretary of Housing and Urban Development (HUD) Shaun Donovan lamented statistics from a Pew report showing Hispanics lost 66 percent of their net worth between… Read More
This Regulation Has Chuck Schumer Talking Like a Tea Partier
Sen. Chuck Schumer (D–N.Y.) has amassed the most liberal voting record in the U.S. Senate, according to National Journal. Yet, when it comes to Washington… Read More
President Obama’s Asia Trip and the Trans-Pacific Partnership
As President Obama travels to Asia, one item sure to be on his agenda is the Trans-Pacific Partnership (TPP), a trade agreement currently being negotiated… Read More
Taxpayer-Backed Loans to Foreign Companies Split Hill’s Republicans
With a deadline looming on the future of the taxpayer-funded U.S. Export-Import Bank, congressional Republicans remain split on whether to reauthorize the bank’s charter. The 80-year-old Ex-Im… Read More
Market Pricing, Solving Problems
In medical care, you have to get the diagnosis correct. But if you want to solve the problem, you’ve also got to get the treatment… Read More
WSJ: Obama ‘Regulator Without Peer’
In an editorial appearing today, The Wall Street Journal examined one of the few areas of the economy enjoying an unabated boom: federal regulation. Armed… Read More
Are Sugar Tariffs Raising the Cost of Your Easter Basket?
Easter has arrived, and so has everyone’s favorite bunny rabbit. While kids are excited about their chocolate bunnies, Peeps, and jelly beans, parents continue to… Read More
Economy News
Congressman Calls Export-Import Bank ‘the Face of Cronyism’
What’s wrong with helping people in other countries buy American? Well, a lot if you’re loaning them U.S. taxpayer money to do it. As Congress… Read More
It’s Not the Value of the Chinese Currency: The Proof in Charts
While the U.S. Treasury did not label China as a currency manipulator this week, it did criticize the Chinese authorities for recently intervening in the… Read More
We Give Foreigners Taxpayer Money to Import Stuff from America. What?
Sen. Mike Lee will deliver a speech at The Heritage Foundation on Wednesday, April 30 at 12:30 ET to discuss how “conservative anti-cronyism reform is… Read More
Minimum Wage Hikes Banned in Oklahoma Cities
Republican Governor Mary Fallin signed a bill into law Monday banning minimum wage and employee benefit increases in Oklahoma cities. The bill declares “state preemption… Read More
Response to Club for Growth’s Chocola: Let’s Not Raise Taxes with the Extenders
In today’s Wall Street Journal, the estimable Chris Chocola, former congressman from Indiana and current president of the Club for Growth, writes that Congress should… Read More
Seriously? Are the French Really Overworked?
Does anyone really believe the French are overworked? Despite the fact that laws already exist mandating a 35-hour work week, a French court has found… Read More
2014 Tax Day Chart: Who Pays the Most?
Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers… Read More
2014 Tax Day Chart: Who Pays the Most?
Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code ahead of tax day, many… Read More
A Little ‘Happy’ Song for Your Tax Day
Does dividing business and personal expenses — and seeing how the government wasted your money — get you down? Whether or not you’ve heard Pharrell’s… Read More
Where Did Your Tax Money Go?
It’s pretty unreal when you see it. Your 2013 tax dollars—which are due today—went primarily to pay for government benefits. Major entitlements (Medicare, Medicaid, and… Read More
Most Small Businesses Burdened by Costly Tax Preparation Process Support Tax Reform
Small businesses are increasingly burdened with tax preparation costs, with a majority spending over a week per year on federal tax preparation and thousands of… Read More
Paul Ryan’s Budget Won’t Pass. This Is Why It Still Matters
Even symbolic gestures can sometimes be important. Consider “The Path to Prosperity,” drafted by Rep. Paul Ryan’s (R–Wis.) budget committee and passed by the House… Read More
CBO Report Estimates 2014 Deficit at Half a Trillion Dollars: Why The Real Deficit Number is Actually Higher
Today the Congressional Budget Office (CBO) released its updated projections for the 2014 federal budget. CBO reports the 2014 deficit at $492 billion, just shy… Read More
What No One Wants to Admit About Social Security Taxes
It’s a bummer when you see how much income tax comes out of your paycheck. But when you see that Social Security line item, do… Read More
Obamas, Bidens Pay About Same in 2013 Income Taxes, Returns Show
Four days before the April 15 filing deadline, the White House today released 2013 income tax returns for President Barack Obama and Vice President Joe… Read More
Constructive Small Business Expensing Bill Introduced
Representatives Pat Tiberi (R–OH) and Ron Kind (D–WI), both Ways and Means Committee members, have introduced the America’s Small Business Tax Relief Act of 2014… Read More
President Obama Should Lift Ban on Energy Exports
America’s Founders felt the freedom to export was so important that they included it in the U.S. Constitution: “No Tax or Duty shall be laid… Read More
Energy Exports: Free Trade for Me, but Not for Thee
Some corporate interests are lining up to fight economic freedom in the United States by maintaining the government’s restrictions on energy exports. Their efforts are… Read More
As Fed Tapers, More Central Bank Independence Needed
This week finance ministers and central bank officials from around the world will converge on Washington for the spring meetings of the World Bank and… Read More
