Like Father, Like Son

Bush the father, Bush the son; both will have been president of the United States. I know it is foolishly early to predict this, but remember where you read it first.

Crime and Punishment in America: 1998

Serious crime in the United States soared to alarming heights beginning in the 1960s, but began leveling off in the 1980s and has declined by one-third during the 1990s. Every category of violent crime has decreased since 1993. Last year, serious crime reported to the police was only 5 percent above the rates for 1970, and in many cities across the country, it matched the crime rates of the 1960s.

Foreign Dollar Holdings and the U.S. Money Supply

One of the most important of all economic indicators is the money supply. Most economists believe that it plays a major role in the level of interest rates, inflation and real growth in the economy. The Federal Reserve controls the money supply through various policy instruments.

Let's Hear It for the Doolittle Plan

Republican Congressman John Doolittle of California and 54 of his House colleagues (52 Republicans and two Democrats) have the ideal answer to reforming campaign finance, but their approach is so straightforward that hardly anyone seems to be paying attention.

The Private School Voucher Movement

While the issue of using tax-funded vouchers to provide school choice is being debated and contested in the courts, an increasing number of privately funded voucher programs across the nation are making it possible for children from low-income families to attend private elementary and secondary schools.

Europe's Underground Economies

The underground economy also known as the second economy, parallel economy, unofficial economy, informal economy or just the black market is a phenomenon known throughout the world. It exists wherever governments excessively tax or unreasonably regulate economic activity. Although the underground economy also includes criminal activity, such as drug dealing, the overwhelming bulk of it consists of the provision of ordinary goods and services that in other times and other places would be perfectly legal and legitimate.

What's The Matter With Republican Tax Policy?

Most Americans celebrate New Year's Day on January 1. But for the federal government, New Year's Day falls on October 1, because that is the beginning of the fiscal year. September, therefore, is the last month of fiscal year 1998 and it very likely will be the first since 1969 when the federal budget will be in surplus. According to the Congressional Budget Office, revenues will exceed spending by about $63 billion in fiscal year 1998, with large surpluses projected for future years as well.