“Nominal income targeting can potentially restore the old-time fiscal religion. Like the classical gold standard, this approach stabilizes total spending in the economy, rendering counter-cyclical fiscal policy unnecessary and ineffective.” ~ Bryan P. Cutsinger & Louis Rouanet
READ MORE“The reason this is infuriating is that we are being told that taxpayers should be willing to double down, to reimburse even-more-careless depositors for their negligent inattention to risk.” ~ Michael C. Munger
READ MORE“Beyond tired class warfare rhetoric and anti-competitive measures, the Biden administration is attempting to increase not only the size of the state (through more taxing and spending), but also the scope of the state, through misguided commercial and industrial policy.” ~ Nikolai G. Wenzel
READ MORE“When it comes to fiscal follies, this time is different. Let’s not pass the buck. Instead, let’s make the necessary sacrifices to ensure the long-run integrity of the United States. Let’s plant the trees.” ~ Alexander William Salter
READ MORE“Much like the contrived economic arguments behind the wealth tax, its legal arguments are a result of politically motivated reasoning to bring about a new tax system that the Constitution prohibits.” ~ Phillip W. Magness
READ MORE“In a chorus which has become familiar, the S&P 500 futures just leapt upward, as the dollar fell with equal fervor. Relief for equities, a snub to the greenback. At 7:45pm EDT on an otherwise quiet Sunday night in March, this is what that kicking the can down the road looks like.” ~ Peter C. Earle
READ MORE“Restoring full deductibility would realign the Republican party’s position on this issue with a more free-market approach to tax fairness and its long-time support of supply-side tax analysis, which guided most of the other changes in 2017.” ~ Roy Cordato
READ MORE“If proponents of fiscal stimulus want to use wartime spending as an empirical illustration to make their case, they need to be aware that doing so relies on a bad understanding of economic facts.” ~ Vincent Geloso
READ MORE“The negotiations around raising the debt ceiling should be that opportunity to provide fiscal sanity. If not, we will have more costly consequences that Americans can’t afford.” ~ Vance Ginn
READ MORE“Even the Biden Treasury Department labels the present financial path as ‘unsustainable.’ Refusing to look at so-called entitlements, most importantly Medicare and Social Security, ensures growing outlays, deficits, and debt.” ~ Doug Bandow
READ MORE“Benefits cliffs certainly remain an important area of policy study, but we should pay more attention to creatively solving the problems of disincentive deserts, since they exist for such long and dispiriting spans of workers’ income journey.” ~ Craig J. Richardson
READ MORE“Will Congress actually cut spending? History suggests not. Economic historian Robert Higgs invented the term ‘ratchet effect’ to describe the way that government growth after a crisis tends to be locked in: the size of government never retreats to what it was before the crisis.” ~ Jason Sorens
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