For U.S. intelligence agencies, the twenty-first century began with a shock, when 19 al Qaeda operatives hijacked four planes and perpetrated the deadliest attack ever on U.S. soil. In the wake of the attack, the intelligence community mobilized with one overriding goal: preventing another 9/11. The CIA, the National Security Agency, and the 15 other components of the U.S. intelligence community restructured, reformed, and retooled. Congress appropriated billions of dollars to support the transformation.
Using census microdata on multistate firms and their organizational forms, we estimate the impact of state taxes on business activity. For C corporations, employment and the number of establishments have short-run corporate tax elasticities of −0.4 to −0.5 and do not vary with changes in personal tax rates. Pass-through entity activities show tax elasticities of −0.2 to −0.4 with respect to personal tax rates and are invariant with respect to corporate tax rates.
Bernie Sanders and his lefty friends are at it again. He’s reintroduced legislation to create a socialist-style takeover of our health care called Medicare-for-all. Make no mistake: It would do just as much damage to our health care as would previous efforts to install a single-payer system.
Technological and economic forces are radically restructuring our ecosystem of knowledge, and opening our information space increasingly to forms of digital disruption and manipulation that are scalable, difficult to detect, and corrosive of the trust upon which vigorous scholarship and liberal democratic practice depend. Using an illustrative case from China, this article shows how a determined actor can exploit those vulnerabilities to tamper dynamically with the historical record.
A week ago, I sent to my editor my review of Tyler Cowen’s latest book, Big Business: A Love Letter to an American Anti-Hero. The book is outstanding. There are valuable facts and/or bits of economic reasoning on virtually every page. To give you an idea of how much I liked the book, I titled my review “A Love Letter to Tyler Cowen.” I’m not sure the editor will use that title.
The Chinese Communist Party allows no public commemoration of the protest movement that it violently crushed in the vicinity of Tiananmen Square in 1989, but its private reckoning with that tragedy has never mattered more. President Xi Jinping has quietly taken Tiananmen as a guiding light, reading it as a cautionary tale of regime decay and a playbook for revival. This view has inspired his campaigns to tackle corruption, restore ideological discipline, and reclaim control over history. And the most lasting contribution of all to Xi's tenure may be the selective rehabilitation of traditional Chinese culture as a source of political legitimacy.
Hoover Institution fellow Lanhee Chen discusses the release of the Mueller report, placing undocumented immigrants in sanctuary cities, Rep. Ilhan Omar's comments, and other political events and issues.