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The Good, Bad, and Ugly of the Budget Compromise
Yesterday, the Senate passed a procedural vote on the Ryan-Murray budget compromise by a vote of 67-33. All 33 votes in opposition came from Republican Senators, with 12 breaking away from their peers...
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Jobs, Not Wage Growth, Are Key for Recovery
In a new National Bureau of Economic Research working paper entitled Accounting for Income Changes over the Great Recession, Cornell University professor Richard Burkhauser and his coauthors Jeff...
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Vouchers Free Students from Lousy Schools
Americans are free to choose where to live and work, what products to buy, and which services to use. Rightfully so, these are private decisions.There is one important domain where Americans lack...
View ArticleA Decade of Success: How Competition Drives Savings in Medicare Part D
On December 8, 2003, then-president George W. Bush signed into law the Medicare Modernization Act (MMA). As part of the MMA, a new, voluntary prescription drug program called “Medicare Part D” was...
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Part D's Lessons for Entitlement Reform
While battles rage over Obamacare, Washington barely noticed the anniversary for another government health care program. December 8 marked ten years since passage of the Medicare Part D drug program...
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Unions Talk But Don’t Deliver
The United Food and Commercial Workers union is funding campaigns to raise the hourly minimum wage to $15 and unionize fast food workers. But an examination of UFCW contracts with the Kroger Company...
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The Real Cost of Raising the Minimum Wage
Sunday’s New York Times magazine will feature an article called “ Supersize My Wage ” by economics reporter Annie Lowrey. She concludes, “Unlike any other form of wealth redistribution, raising the...
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e21 Asks: Do You Support the Budget Deal?
Over the course of the week, we asked readers whether or not they support the Ryan-Murray budget compromise, and provided different options for readers to state their reasoning. “No, it does not cut...
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Don’t Worsen Social Security’s Soaring Cost Problem
Followers of politics may have noticed a recent push from the left to expand Social Security benefits above and beyond the current-law growth schedule (which itself remains unfinanced). Such an...
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Some Post-Tapering Announcement Observations
In one sense, the Federal Reserve’s tapering announcement last week is no big deal: the Fed will continue its massive quantitative easing (QE), and cutting back asset purchases by $10 billion per month...
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If Possible, Fed Forecasts Are Worse Than Its Policies
One might think that the qualification to become a governor of the Federal Reserve Board is to be an eminent economist. But the real qualification is a professional optimist. Here's why.The FOMC...
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Health Insurance for Everyone?
The American people deserve a Christmas gift: permission to buy lower-cost, catastrophic health insurance on the exchanges. Such insurance offers protection for major illnesses but not for routine...
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10 Stocks for the Economic Revival in 2014
With the stock market reaching record highs at the end of 2013, some might think that it is time to take their winnings and go into cash. But over the long term, stocks have always had the highest...
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Vouchers Free Students from Lousy Schools
Americans are free to choose where to live and work, what products to buy, and which services to use. Rightfully so, these are private decisions.There is one important domain where Americans lack...
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e21 Asks: Should the Fed Taper?
Last week, we asked readers whether or not they support the Federal Reserve’s decision to taper bond and mortgage backed security purchases by $10 billion a month. The reduction is split equally...
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The Great Gatsby Curve Revisited: Part 1
Does More Inequality Correspond with Less Economic Mobility Across Local Job Markets?In policy debates, as in life generally, it is important to be able to admit when you are wrong. We have previously...
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Millennials Hurt Most by Growth of Social Security
Increasing Social Security benefits, as proposed by moveon.org, Paul Krugman, and U.S. Senators, may offer political benefits to legislators, but it will be expensive—especially for young people.Unless...
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10 Missed Economic Opportunities In 2013
On the last day of 2013, here are ten economic opportunities we missed this year. If we could implement even some of these in 2014, we could substantially increase our GDP growth rate, enriching...
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The Rich Pay Their Share (And More)
This month the Tax Foundation released its annual analysis of federal income taxes, based on data from the Internal Revenue Service. The findings show that in 2011, the top five percent of income...
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Open Doors for Those Who Want to Work in the U.S.
No one better illustrates the need for immigration reform in 2014 than Felicity, a young British engineer who wants to work in California.A graduate with a master's degree in product design engineering...
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