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Thursday, February 15, 2024

Redefining Poverty: Towards a Transpartisan Approach

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  A new report from the National Academies of Science, Engineering, and Medicine (NASEM),  An Updated Measure of Poverty: (Re)Drawing the Li...
Wednesday, February 14, 2024

A Negative Income Tax, One Step at a Time

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The negative income tax (NIT) sometimes seems like the carbon tax of social policy. Both are irresistibly appealing to economists and have l...
Thursday, June 29, 2023

The War on Inflation: Victory at What Cost?

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For more than a year, the Fed, led by its chair Jerome Powell, has been fighting the worst outbreak of inflation in the United States in 50 ...
Saturday, April 15, 2023

Corporate Political Responsibility in a Captured Economy

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The social responsibility of business has been debated for years. One point of view follows   Milton Friedman ’s maxim, “In a free society …...
Friday, March 17, 2023

Supercore Inflation is Worth Watching, but it is Probably Not a Good Policy Target

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Although headline inflation continues to fall and unemployment is near a 50-year low, the Federal Reserve still faces some tricky policy dec...
Wednesday, February 1, 2023

Why the Inflation of 2021-22 Did Not Spiral Into Stagflation and Implications for Policy Going Forward

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The ominous uptick in consumer prices that began in the spring of 2021 triggered alarm bells. By fall, the future looked dark to many observ...
Thursday, December 22, 2022

No, Prof. Mankiw, Better Social Insurance Would Not Kill American Prosperity

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In a recent New York Times op-ed, Harvard professor N. Gregory Mankiw asks, “ Can America Afford to Become a Major Social Welfare State? ”...