The budget deal signed into law by President Trump spotlights the federal government’s fiscal irresponsibility.
Bloomberg analyzed the contribution to gross domestic product by industry and government in all 50 states to create the diversity index. Indiana’s GDP is most dependent on manufacturing and least dependent on government.
Pick your poison: dysfunctional incentives for those who receive benefits or massive budget-busting programs.
With more than 20 candidates for president and perhaps more in the offing, lots of wacky policy proposals to redistribute income are bound to emerge.
Investors now predict a 100% chance that the Federal Reserve will lower its interest rate target at its next meeting on July 31. The impending interest rate cut is a reversal of the Fed’s recent policy stance.
Among the foreign-born residing in the United States, the labor-force participation rate is 65.8%. For the native-born population, the labor-force participation rate is lower: 62.9%.
Extending overtime pay to millions of Americans who aren’t currently eligible will burden millions of American businesses. But workers probably stand to lose the most.
The president just awarded 78-year-old economist Arthur Laffer the Presidential Medal of Freedom. Some call the namesake of the so-called Laffer curve a kook and a fake; others see him as a hero.
The statue’s boosters are trying to raise $262,000 to ensure its permanent presence. Critics argue Ann has had her day and the funds could be better used elsewhere.
While we honor the remaining nonagenarians who bravely fought at the beaches of Normandy, let’s not forget that the odious philosophy they fought against, National Socialism, still has traction in some circles.
If President Trump’s new round of tariffs–this time aganst Mexico–is implemented, it will raise costs for producers, lower returns for investors, raise prices for consumers, and destroy jobs.
Because a worker can pick a greater mass of strawberry with each muscle movement, a bigger berry–like machinery–substitutes for more expensive labor.
Over the last 15 years, total student loan debt exploded from $600 billion to more than $1.5 trillion and now exceeds credit card debt.
Where do dire prognosticators go wrong? We think it comes from seeing the world economy as a zero sum-game.
Becoming a truly informed voter takes a lot of time. But the odds that an individual’s vote decides an outcome is vanishingly small. So most voters conclude it isn’t worth the effort.
Democratic socialism is much more than bumping up federal social spending. It is designed to generate fundamental changes in our economic order.
Unfortunately, the size of the working age population has been growing slowly and even shrank slightly last year. This poses a real problem for our nation’s finances.
Last month, Indy-based Eli Lilly and Co., the original innovator in insulin, introduced the first low-priced “generic” version of its current insulin product.
Since 2008, the Fed has explicitly tried to steer the entire economy by targeting long-term rates. This is a major expansion of Fed power.
From an economist’s perspective, the simplest and most straightforward way to speed the evolution from fossil fuels to clean energy—if that is what we want—is by directly taxing the attribute of fossil fuel that is offending: its carbon emissions.