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When issues of taxes and government budget are discussed, we sometimes hear of the “good old days” when top marginal tax rates and corporate tax rates were much higher. Back then, the federal government was able to fund everything we wanted to fund, like investment in infrastructure and in science and education. Those “good old days” usually reside somewhere in the 1950’s and 1960’s. And today we don’t seem to be able to “fund everything we want to fund.”
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George Mason University Professor of Economics Tyler Cowan wrote this interesting piece about the state of the post-Great-Recession economy in today’s edition of The Upshot in The New York Times.
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Despite sluggish economic growth over the winter, consumers are poised to lead a resurgence in economic activity in the months ahead, our research team says in the new edition of Business Conditions Monthly.
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The Euro Challenge brings together high school students from around the country, and gives them a chance to think like an economist for the day, to “advise” policymakers about the Euro, and to propose solutions to current economic challenges. I had the privilege of judging the semi-finals this year, which were held in New York on April 30th.
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There were positive signs and not-so-positive signs to be found in this morning’s essentially flat retail sales report from the Commerce Department. But unlike some of the gloom you may be reading this morning from other observers, our senior research fellow, Bob Hughes, says a mixed report actually adds up to a modestly upbeat sign for the economy.
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Today, the American Institute for Economic Research ranked the American cities that are most attractive to young college graduates, based on eight economic and quality-of-life factors.
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Tomorrow, the American Institute for Economic Research will release its first annual list of best cities for job-seeking college graduates ages 22-35. Our researchers looked at 260 metro areas large and small, from the biggest metropolis to college towns surrounded by cornfields.
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This morning provided reassurance that the economy is finding its footing again, as employers added 223,000 jobs in April.
READ MOREMillennials tend to stay at a job for a shorter period than the average worker, according to data from the Bureau of Labor Statistics. The Wall Street Journal highlighted these numbers in a story earlier this week, also raising the question of whether …
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Here’s an interesting blog from the folk music artist Dar Williams on the changing economics of touring. Although the road may be a more welcoming place for a touring musician, in the age of streaming music services, the decline of recorded music has diminished an important stream of revenue, she writes. Music lovers are less willing to pay for recorded music, she writes.
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There’s a very interesting package of articles and interactive charts in The Upshot section of The New York Times that underscore the role location plays in a child’s success later in life.
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I recently heard a news report on the radio about a new MIT study that finds that the U.S. government is not spending enough on research and development, and it’s putting us at a competitive disadvantage. More detail on this was available from the Wall Street Journal story (“U.S. Is Faulted for Risking Edge in R&D,” Robert McMillan, 4/27/2015). This news comes as Congress is considering the R&D budget. What both these stories failed to mention is that MIT is a major recipient of government research funds, which may have colored the study findings.
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