Chris Edwards Congress is considering the Biden‐McCarthy debt‐reduction deal. The Fiscal Responsibility Act of 2023 would reduce deficits by $1.5 trillion over the coming decade. The reduction would be a start at righting the federal government’s fiscal ship, but just a small start. The $1.5 trillion in savings would take
Marc Joffe In early May, a video showing a physician’s assistant and a group of teenagers arguing over a shared e‑bike in Manhattan went viral. The video gave rise to conflicting narratives about race and gender, but it also has an important transportation policy implication: at least in New York,
Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier. Original Article: "Understanding Relationships between Money Supply and Liquidity"
A Collection of the Political Writings of William Leggett, selected and arranged, with a preface, by Theodore Sedgwick, in two volumes. (1839) This collection provides important example of populist laissez-faire opinion from the Jacksonian Era in the United States. In terms of economic policy, the Jacksonians favored low
David J. Bier Student visas are the primary jumping‐off point for most high‐skilled immigration to the United States. Immigrants study at America’s elite universities and then find jobs here when they graduate—largely through the post‐graduate employment authorization program called Optional Practical Training. Despite the importance of
Jeffrey A. Singer Gene therapy researchers recently reported an encouraging development that can bring new hope to people at risk for cardiovascular disease. But how long will Americans have to wait before they can use it? CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) is a gene editing technology
Recently, I had the pleasure of attending a debate about the morality of capitalism between James Otteson and Michael Anton, a defender of economic nationalism. Otteson made a good case for capitalism; however, Anton derailed the debate by choosing to focus on specific policies rather
Nicholas Anthony As more people have become aware of the risks of central bank digital currencies (CBDCs), more people have become confused between CBDCs provided by the government and cryptocurrencies provided by the market. It’s understandable that the two ideas may be confusing at first glance,
Adam N. Michel Foreign investment in low‐tax countries complements U.S. production and expands global investment. Low‐tax countries are often derided for either attracting illusory corporate profits without changing true investment behavior or for attracting international investment to the detriment of usually higher‐tax countries. However, research consistently
Emily Ekins and Jordan Gygi Washington, D.C.– Only 16% of Americans support the U.S. government adopting a Central Bank Digital Currency or “CBDC,” according to the new Cato Institute 2023 CBDC National Survey Report. The national survey of 2,000 Americans conducted by YouGov found that twice