To understand the sometimes glaring gaps between candidate Obama’s promises and President Obama’s policies, it is useful to appreciate an old tension in American progressivism. . . .
The September 11 attacks in New York and Washington have already cost America thousands of lives and billions of dollars in damages. But those are only the direct costs. How severe and how lasting will the impact be on our economy as whole? And how will new burdens on the federal government, including a military buildup and a bailout of the airline industry, affect fiscal policy? Should the government cut taxes or increase spending to get the economy moving again?
On July 29, 1981, barely six months into his presidency and in the face of an economic crisis of historic proportions, Ronald Reagan succeeded in persuading both houses of Congress to pass dramatic tax cuts that set the stage for nearly three decades of vigorous economic growth...
Be careful when one uses the superlative case—best, most, -est, etc.—or evokes end-of-the-world imagery...
Just two years ago, in the 2000 fiscal year, the annual federal budget had a surplus of $236 billion. Now the federal government is facing a budget deficit of more than $150 billion, possibly much more. And whereas during the presidential campaign of 2000, the candidates were debating how to spend trillions in expected future surpluses, the Congressional Budget Office is now projecting a cumulative $1 trillion deficit by 2011. What happened to the surplus, and what is to blame for the return of the deficit? Is it President Bush's tax cut? Or was it the recession of 2001 and the war on terrorism? In light of the deficit, what should we make of the president's budget plans?
In January 2003, the Bush administration unveiled a package of proposed new tax cuts, including provisions to eliminate the taxation of dividends and make permanent the 2001 tax cut. President Bush called the plan "an immediate boost to the economy" as well as "essential for the long run to lay the groundwork for future growth and prosperity." Critics have said that the plan doesn't provide short-term economic stimulus and endangers long-term growth and prosperity. Is the Bush tax plan good for the economy or not?
Peter Thiel says the credit crisis of 2008 has nothing to do with the free market...
From Hoover Press: The Road Ahead for the Fed, by George Shultz, Allan Meltzer, Peter Fisher, Donald Kohn, James Hamilton, John Taylor, Myron Scholes, Darrell Duffie, Andrew Crockett, Michael Halloran, Richard Herring, John Ciorciari
In this new book, The Road Ahead for the Fed (Hoover Press, 2009), coeditors John B. Taylor and John D. Ciorciari bring together twelve leading experts to examine and debate proposals for financial reform and exit strategies from the financial crisis...
In the middle of next week it is widely expected that the FOMC will vote to increase the federal funds target by one quarter of one percent, the first such increase in almost a decade. The terms contained within that sentence are no idle words or stranded letters; there is exactness within their meaning.
U.S. Secretary of State Hillary Clinton came under attack last week for soft-peddling human rights during her visit to China...
With Architects of Ruin, Peter Schweizer again delivers a knockout punch of a book that is the must read of the season for conservatives and should be a main topic of conversation for conservative media. . . .
There they go again...
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, examines the controversy over Apple's tax payments and what it says about corporate taxes in America.
Richard Epstein the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, considers the case for a Balanced Budget Amendment, how to get Washington's spending habits under control, and the difficulties inherent in amending the Constitution.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and a member of the John and Jean De Nault Task Force on Property Rights, Freedom, and Prosperity, notes that to step back from the fiscal cliff, we need to simplify our tax policy.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and a member of its Property Rights, Freedom, and Prosperity Task Force, points out the problems associated with implementing the Affordable Care Act.
Richard Epstein the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, weighs in on the fight over the first principles of libertarianism. He defines the difference between libertarians and classical liberals, examines Ayn Rand's influence on the movement, and addresses the argument that libertarianism is an inherently selfish creed.
Richard Epstein the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, weighs in on the politics of the fiscal cliff and the fight over the debt ceiling. He considers the potential consequences of the nation's current debt crisis and wraps up with prescriptions to get the nation back on a sounder fiscal footing.