The think tank Third Way has put out a report on boosting long-term economic growth. It is certainly worth reading. But among its recommendations is the need to improve infrastructure, including “higher spending on capital budget items like highways, broadband construction, … read more
So says the Atlanta Fed based on five-year TIPS data. Still, the chances are half of what they were in the summer of 2011.
America needs faster economic growth. Faster growth would mean more jobs, higher incomes, and less debt. Not only has the economy been slow to recover from the Great Recession and Financial Crisis, it was no great shakes even before the … read more
I have little doubt that if we were starting the U.S. tax code from scratch, a flat tax would be the way to go. And if you’re going to go that route, a flat consumption tax is the best version. … read more
While there’s much in Fed policy to criticize over the past decade, there’s no need to overstate things. Right now, for instance, we see lots of talk that the Fed is monetizing the debt, which would be indistinguishable from money … read more