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How Government Debt Disinherited the Next Generation…and How To Fix It
Teaser: Burdened with an obligation to pay government debt they did not incur, young Americans – those born between the early 1980s and the beginning of the 21stcentury, or millennials – begin life at...
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What's in a Price? Less Than You Think
Teaser: If economists can't differentiate between price changes coming from the supply side versus the demand side when it comes to oil prices—often the source is impossible to ascertain in real time...
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Regulation's Stranglehold On Millennials' Futures
Teaser: Millennials are inheriting a bleak fiscal future. How can we change Washington’s direction in order to paint a brighter future for America’s next generation? Perhaps the easiest way to begin...
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The Ex-Im Bank Must Go
Teaser: If the GOP is to maintain its legitimacy as the party of the free market, it must not reauthorize Ex-Im. Conservatives should not sit by and watch while corporate welfare continues to skew the...
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The State of America’s Auto Union
Teaser: The American auto industry and the UAW have had a long-standing relationship. Yet, with labor agreements set to expire this September, it might be time for the UAW to move in a new direction....
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Repealing Obamacare Would Lower Federal Deficits
Teaser: The CBO has reported that repealing the Affordable Care Act would help the American economy. Additionally, analysis has revealed that the revoking the ACA would lower federal deficits.The...
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Greece: Don't Delay Required Reforms
Teaser: Greece’s financial problems didn’t just come out of the blue, they are the cumulative impact of misguided economic policies: fiscal profligacy, misallocations of national resources and...
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Whether and How to Adjust Income Trends For Declining Household Size
Teaser: I recently wrote a scintillating essay on the best way to adjust household income growth to take inflation into account. If you loved that one—and you both know who you are—the next 3,000 words...
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What Lower Labor Force Participation Rates Tell Us About Work Opportunities...
Teaser: It is my belief that much of what we think we know about living standards, economic insecurity, and the state of the economy is incorrect, based on a mistaken read of the available data. Our...
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Time is Running Out to Fix Social Security
Teaser: This column summarizes key information from this year’s Social Security report. Last week saw the publication of the annual Social Security and Medicare trustees’ reports, along with an...
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'Prevailing Westerlies' May Blow the Fed Off Course
Teaser: Policy makers may find that the prevailing Westerlies - the winds blowing from east to west in the middle latitudes - are just too strong and decide, once again, to table any change in interest...
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Twenty-Five Basis Points That Could Shake the World
Teaser: If I were a Fed official, I would give greater weight to the markets' consensus forecast than to the predictions of an econometric model.Never has so much been said by so many about so...
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So Many Job Openings, Why So Few Candidates?
Teaser: Both the high level of job openings and the current 5.1 percent unemployment rate appear to overstate the tightness of the labor market."Job Openings in U.S. Surge to Record While Hiring Cools"...
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An Overdue Budget Reform: Prohibit Double-Counting of Medicare Savings
Teaser: There is no shortage of ideas on how to improve the federal budget process; it is difficult to get bipartisan agreement on most of them.Key members of Congress, notably the chairs of the budget...
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Future Work Still Needed after Budget’s Disability Fix
Teaser: Passage puts the program in better condition but it will rapidly grow worse unless legislators enact further Social Security reforms in short order.The bipartisan budget bill just passed by...
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