One of government's biggest challenges is to develop policies that raise the standard of living in a society without creating large income gaps between the rich and poor. But to a great extent, raising living standards and redistributing income are mutually exclusive goals.
Founder and president of the Coalition on Urban Renewal & Education, Author and Columnist
As the Democratic presidential campaign marches on, its most alarming public policy issue is Hillary Clinton and Barack Obama's antitrade advocacy. As liberal leaders, they are of course for higher …
Economists often refer to the U.S. trade deficit and the federal budget deficit as problems of inadequate domestic saving. They speak of these deficits “crowding out” domestic investment. They allude to unspecified relationships between these deficits but seldom explain them, confusing everyone.
The disability insurance component of the U.S. Social Security system is funded by a 1.8 percent payroll tax. It pays benefits to disabled adults who have earned a required number of credits based on previous years of work. The benefit amount is based on the wages taxed for Social Security. Most people do not realize that the system penalizes those who leave the workforce for a few years. The system often penalizes women, who are more likely to move in and out of the workforce.
The Environmental Protection Agency (EPA) is slated to announce a new national ambient air quality standard at 6 p.m. (EDT) today. If set at the level originally proposed it sets an unreasonable standard for ozone air pollution and is unnecessary, according to NCPA Senior Fellow H. Sterling Burnett.
When I was president of the Dallas Fed, Alan Greenspan wouldn't let me, or other members of the Federal Open Market Committee (including himself), talk about the dollar. The dollar …
When I was president of the Dallas Fed, Alan Greenspan wouldn't let me, or other members of the Federal Open Market Committee (including himself), talk about the dollar. The dollar …