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    Larry Summers, Satirist

    One must applaud Larry Summers for his cagey satire in a Washington Post op-ed today. He lets on—subtly—that the recent resurrection of “secular stagnation” is all an elaborate spoof. Secular stagnation is an odd theory that predicts a perpetually weak economy due to low desire to invest. It contradicts both … More

    Top 1 Percent Pays Effective Tax Rate Nearly Three Times That of Middle Class

    New data from the Congressional Budget Office (CBO) show that President Obama’s much-discussed Buffett Rule, which would require families earning more than $1 million a year to pay an effective tax rate of 30 percent, is basically in effect. The data also show that President Obama’s premise for pushing the … More

    The Truth About Spending Cuts and the Economy

    Liberal economists like Paul Krugman might be calling for more government spending to help our ailing economy, but federal spending cuts are the better bet for long-term economic growth according to a new study released today by The Heritage Foundation’s Romina Boccia. Krugman stubbornly argues that government should spend more … More

    Tax Increases Really Hurt Growth and Jobs

    Some lawmakers, led by Senate Budget Committee chair Patty Murray (D–WA), are seeking to raise taxes in the budget conference to replace the modest spending reductions referred to as sequestration. They say that spending cuts hurt growth and jobs. If they are truly concerned about the economy and Americans’ opportunities, … More

    How President Obama Is Killing Jobs

    Five years on and President Obama still refuses to assume responsibility for his woeful economic record. The buck stops with Republicans, other countries, changes in the weather, etc.—anywhere but the Oval Office. Of course, it’s not new having a chief executive who refuses to admit failure. What is rare is … More

    Regulation D Rule Would Harm Entrepreneurs and Economic Growth

    The Securities and Exchange Commission (SEC) has proposed a rule that would impede capital formation, job creation, innovation, productivity improvement, and economic growth by making Regulation D—the primary means by which new companies and young growing companies raise equity capital—markedly more complex and expensive. Economic research has increasingly demonstrated that … More

    European Central Bank Lowers Interest Rates, Trumping "Zero Lower Bound" Theory

    The European Central Bank (ECB) lowered a key interest rate to 0.25 percent on Thursday. This is a big deal, since it demonstrates that the ECB has the ability and the will to stabilize euro inflation, which has fallen below the ECB’s target and become a drag on real growth. … More

    Wal-Mart and Economic Freedom in India

    Wal-Mart recently decided to part ways with the Indian firm Bharti, thus ending its efforts to penetrate India. The breakdown in cooperation between the Indian and American firms highlights some of the hardships that businesses face when considering operating in India. Due to strict foreign direct investment (FDI) regulations, undeveloped … More

    Economy Still Growing Too Slowly

    The Bureau of Economic Analysis’s (BEA) first estimate of economic growth for the third quarter of this year shows an economy that continues to grow at a plodding pace. According to BEA, the economy grew at 2.8 percent from July 1 through September 30. This was slightly faster than the … More

    Asia: What’s at Stake for America

    The Heritage Foundation’s Asian Studies Center recently released “A New View of Asia: 24 Charts That Show What’s at Stake for America,” an annual publication highlighting the critical importance of U.S.–Asia relations. The report documents in graphic form important economic, geographic, military, and political trends in the region and emphasizes … More