St. Louis is again trying to kick start its business engine, as the WSJ explains, this time by a public-private partnership raising $100 million over five years to invest in and support local startups: “The effort is the latest in … read more
What drives value creation and innovation in the US economy? Competition. (I once asked the head of the McKinsey Global Institute how to make America more innovative. The reply: “Maximum competitive intensity.” Love it.) Well, make that most of the US … read more
Some folks on the right want to go back to the ’80s — the 1880s. The idea of returning to a gold standard (and possibly scrapping the Fed) has found renewed popularity, particularly among the libertarian followers of Ron and … read more
“Filling the gap: Less-skilled immigration and the changing US economy,” a study coauthored by AEI visiting scholar Madeline Zavodny, argues that an increasingly-educated American workforce has elevated the need for less-skilled immigrant workers. The main findings (to be discussed at an … read more
The chances for fundamental tax reform this year depend heavily on either a) some sort of “grand bargain” being reached on the budget or b) the endgame of a debt-ceiling fight. (Indeed, the first may well be linked to the … read more
Also of Interest
The Bernanke difference
The mild May jobs report should serve as yet another reminder to President Obama and Congress that the U.S. labor market is suffering a Long Emergency.
Welcome to the recovery: Year five
Happy fourth anniversary, America. June 2009 marked the official end of the Great Recession - as reckoned by the National Bureau of Economic Research - and the beginning of the current recovery. So, how are we doing?
Fix, don't flatten, the tax code
If the sluggish U.S. economy wasn’t reason enough for tax reform, the ongoing IRS scandal demonstrates how a devilishly complex tax code enables government mischief.