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Unanswered Questions After President's Press Conference
President Obama: “Already people who have plans that pre-date the Affordable Care Act can keep those plans if they haven’t changed. That was already in the law. That’s what’s called a grandfather...
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Take-Away Points From Yellen's Hearing
Janet Yellen’s confirmation hearings, the latest step en route to her appointment as the next Federal Reserve Chair, provided few surprises. Her overall message was one of continuity rather than...
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Four Reasons to Choose Community College
On Tuesday, at Bell Multicultural High School in Washington, D.C., First Lady Michelle Obama declared, “When the year 2020 rolls around, nearly two-thirds of all jobs in this country are going to...
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Under the ACA, it Pays to Understate Income
The administration announced last summer that in 2014 it will not require income verification for applicants who apply for healthcare subsidies on state-run exchanges. Because of this, it is not...
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The Rich Don’t Pay Their Fair Share? Really?
Government finances its spending (benefits) with taxation. While benefits are distributed fairly equally across different income groups, taxes are not. A new Tax Foundation report shows that families...
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Will Congress Finally Kill Ethanol and Wind Energy?
The Environmental Protection Agency finally saw sense on Friday and announced a reduction in the amount of ethanol that refiners are required to blend into gasoline in 2014. Will Congress show equal...
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Dodd-Frank: Too Convoluted to Succeed
Five years ago this September, the Lehman Brothers investment bank collapsed. Markets around the world froze until Western governments devised a massive bailout plan that kept investors from pulling...
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Why We Still Have Biofuel Mandates
Last Friday the EPA announced a reduction in 2014 biofuel mandates from 18 billion to 15 billion gallons. This decision was made because gasoline consumption has fallen and fuel mixes made with over 10...
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Government doesn't Work as a Health Insurance Middleman
What a novel idea. President Obama is considering allowing Americans to buy health insurance directly from insurers rather than through healthcare.gov.Although Obama sees direct purchases from insurers...
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Keeping the Pressure on Obamacare
The Obamacare implementation disaster is far worse than even the most pessimistic critics predicted before the October 1 launch. The fiasco that has been on full public display for the past two months...
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e21 Asks: What Should the Fed Do?
Last week we asked readers for their views on the priorities of the Federal Reserve Board of Governors. The most popular response was “reduce bond and securities purchases,” which received 43 percent...
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Kennedy: The First Supply-Side President?
“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now ... Cutting taxes now is not to...
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Fed Holds 92% of Bank Cash, Pushes Bank Reserves to 25% of Deposits
We think U.S. and global growth prospects are deteriorating under the weight of bad monetary policy, making equities vulnerable until policies improve. Today’s PPI declined 0.2% month-over-month for...
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6 Lessons from JFK on Tax Policy
With fourth-quarter GDP growth estimated at less than 2%, an unemployment rate above 7% for almost five years, and the lowest percentage of Americans employed or looking for work since 1978, America...
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It's Good When Workers Quit
The Job Openings and Labor Turnover Survey (JOLTS) data for September were released this morning. While often underappreciated, JOLTS supplies critical data for evaluating the labor market’s...
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No Grounds for Claim that Obamacare Lowers Healthcare Costs
Public support for the Affordable Care Act (ACA) has plummeted now that the oft-repeated claim that “If you like your health care plan, you can keep it” is widely understood to be untrue. Despite...
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Expensive, Inefficient, Outdated: The Wind Production Tax Credit
The wind production tax credit (PTC) is set to expire at the end of the year. The credit is worth 2.3 cents per kilowatt hour and generally applies for 10 years. Tax breaks for renewables excluding...
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Unions Hate That Workers Highly Covet Wal-Mart Jobs
The odds of getting into one of the top American universities are about 1 in 10. American workers view Walmart in the same way as high school seniors view American colleges: last year 5 million...
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Is Obamacare Responsible for Healthcare Savings?
Many are claiming the Affordable Care Act (ACA) is responsible for lowering healthcare spending’s projected growth. David Cutler, a White House advisor, wrote an article for the Washington Post on...
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Economics in One Article
This week marks the 119th birthday of the great American economist Henry Hazlitt, who lived from 1884-1993. While Hazlitt made many contributions to the field of economics, he is best remembered for...
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