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Fed Briefly Doubles Its Borrowings Through Reverse Repos; Good Step
The Federal Reserve is building the tools it will need to exit from its extraordinary monetary policy. Just as the market was against the Fed tapering, it will worry periodically about rate hikes, but...
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Inequality Testimony before the Joint Economic Committee
Chairman Brady, Vice Chair Klobuchar, and Members of the Committee, thank you for inviting me to appear today to discuss the topic of income inequality in America. With long-term unemployment...
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Obamacare—One; Rule of Law—Zero
U.S. District Court Judge Paul Friedman upheld yesterday in Halbig, et al., v. Sebelius, et al an Internal Revenue Service rule that authorized the payment of premium assistance tax credits in...
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Road Rage: State Tax Policies Cause Congestion
Driving on roads should cost you more than it does now. According to a new report from the nonpartisan Tax Foundation, only half of state and local road spending is covered by tolls, user fees, and...
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Why We Should Wage a War on Immobility Instead of Inequality
With long-term unemployment historically high and still-pervasive economic insecurity in the wake of the Great Recession, it is understandable that many Americans have grown more concerned about the...
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6 Major Hurdles to Implementing Obamacare
Judge Paul L. Friedman of the U.S. District Court for the District of Columbia ruled on Wednesday in Halbig v. Sebelius that people who sign up for health insurance on federal exchanges in 34 states...
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“Wolf of Wall Street” Won Oscar for Best Tax Break
Although Oscar nominations were announced yesterday, one winner has already been determined: the Oscar for Best Tax Break (not a real Academy Award). Among the nine films nominated for Best Picture,...
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e21 Asks: Should Federal Unemployment Insurance be Extended?
In this week’s poll, we asked e21 readers, “Should federal unemployment insurance be extended?” Over half (52 percent) believed it should not be extended since doing so “discourages people from...
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New Rules to Deprive Seniors of Drugs, Doctors
Two provisions in lengthy proposed regulations published by the Centers for Medicare and Medicaid Services in the Federal Register on January 10 would deprive seniors of vital drugs and make it more...
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Unwinding Obamacare
Obamacare is no longer a theoretical proposition. It is now being implemented, if with some notable exceptions for the portions of the law the Obama administration finds particularly inconvenient....
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Slide Deck: Equality of Opportunity and Economic Mobility
These slides are taken from Scott Winship's presentation at the Brookings Social Mobility Summit, "Can Trends in Intergenerational Mobility Tell Us Anything About Policies to Promote Opportunity?"...
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Snow Day Musing: Americans Don't Miss Federal Bureaucracy
Washington’s federal government offices closed Tuesday, and may well close Wednesday, due to snow.Government workers still get paid. No one seems to care, except the Washington vendors who profit from...
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Mobility is the Problem, not Income Inequality
With long-term unemployment historically high and economic insecurity still pervasive in the wake of the Great Recession, it's understandable that many Americans have grown more concerned about the...
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The Rich Pay Historically High Taxes
The top five percent of income earners pay 57 percent of federal income taxes while they earn 34 percent of total adjusted gross income. The effective tax rate for this group is 21 percent.The bottom...
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All Aboard the Amtrak Albatross
A major snowstorm hits the Northeast. Flights are cancelled, roads are impassable. What better time to showcase the advantages of rail, with a dedicated track and electric cars?Yet on Thursday, two...
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FDA Saves Ivy League Students but Leaves Others in the Waiting Room
The Food and Drug Administration is at it again. Despite a recent outbreak of type B meningitis at the University of California, Santa Barbara, the FDA will not allow students to be vaccinated against...
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The State of the Union I'd Like to See
President Obama will deliver his State of the Union speech next week. Here is the State of the Union address I would like to see:My fellow Americans,I come to you today to talk about economic mobility,...
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Actually, We Won the War on Poverty
This week, Republicans opened their annual winter meeting in Washington—a strategy confab sandwiched between the much-talked-about 50th anniversary of the War on Poverty and President Obama’s State of...
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e21 Asks: If You Could Repeal One Part of Obamacare, What Would It Be?
As the costs of Obamacare continue to become clearer to the general public, E21 asked our readers, “If it were possible to repeal just one part of Obamacare, what would you do?”Repealing the...
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Age of the Customer Heralds Potential Economic Boom
The power dynamic between buyers and sellers has changed and the market is rapidly adapting to a new paradigm shift. Thanks to the disruption caused by the Internet, consumers have more power than ever...
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