Economic Analysis

The wealthiest 20% of Americans pay most of the federal income taxes.

Any organization, public or private, for-profit or charitable, that provides goods or services should, all other things being the same, do so in a way that uses fewer resources rather than more.

Some claim that cutting tax rates will increase revenue collection.

The bottom line is that while some combination of the approaches offered by both sides of the aisle likely have some merit, we should beware.

Tidings of “comfort and joy” were exchanged.

Economists call goods that go together complementary goods.

Unfortunately, some consumers have difficulty restricting their consumption of certain types of products or services.

We have long advocated that the Fed firmly support its target 2% rate for U.S. inflation.

Don’t attack cruxes you don’t yet have the skills to handle. Leaders also need to determine what sources of power and leverage they can use to solve the crux.

If two parties envision a gain from cooperation, they should first agree on the precise magnitude of that gain.

Fewer people in the working-age population and more older Americans mean that U.S. taxpayers may be unable to afford future Social Security benefits increases.

One reason many American workers were worse off was because Chinese labor filled market niches that made American workers more productive.

The last time world CO2 levels consistently exceeded today’s 420 ppm was about 14 million years ago during the middle Miocene, after which the Earth slowly cooled toward a series of ice ages.

He was deported from the United States in 1956 because of his affiliation with the Communist Party in the 1930s.

While some people have overcome poverty via microloans, economic research finds that microloans don’t improve the finances or health of most low-income individuals.

When asked which three parts of the world are currently most problematic for the United States, Rice listed the Middle East, Russia and Venezuela.