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  • economic growth

    Chile's Strong Economy: A Case of Positive Policy and Freedom

    Chile continues to lead Latin America in 2013 in both economic growth and economic freedom. These positive outcomes reflect well on the solid policy choices being implemented by the Chilean government of President Sebastián Piñera. Making it onto the 2013 Index of Economic Freedom’s list of top 10 freest countries … More

    Smaller Paycheck? Welcome to Obama's Post-Fiscal-Cliff World

    Working Americans receiving their first full paycheck of the year may have had a rude awakening today. Despite all the President’s promises not to raise taxes on the middle class, he did exactly that. By allowing the payroll tax holiday to expire at the end of 2012, President Obama and … More

    Don’t Believe What You Read: Bigger Trade Deficit = More Economic Growth

    The latest trade deficit figures are out, and like always, most reporters fail to accurately explain what these numbers mean. During the past 10 years, there has been a clear relationship between trade deficits and U.S. economic growth. Most news coverage got the relationship backwards. Consider the following reports: “The … More

    The Obama Tax Plan: Undercutting Economic Growth

    The President and his advocates in Congress argue that raising taxes on all taxpayers would damage the economy but that raising taxes on only “high-income” households is supposedly not economically destructive. This line of reasoning is simply mistaken. (House Speaker John Boehner (R–OH), perhaps still cognizant of the economic ramifications … More

    Time to Take Mexico Seriously

    When President Obama and Mexico’s President-elect Enrique Peña Nieto meet in Washington on Tuesday, their talks will highlight the critical relationship between our two nations. Today many businessmen and investors are increasingly bullish on Mexico. The potential for positive developments in Mexico, The Economist and others argue, are too easily … More

    Japan's Post-WWII Recovery Can Be a Lesson for the World

    Although Japan is now best remembered for two decades of economic stagnancy, its post-war development plan can still serve as a model for emerging countries and economies recovering from crisis. This notion was on display in October, when, for the first time since 1964, Tokyo hosted the annual meetings of … More

    Boehner's Olive Branch: More Revenues, but Only Through Growth

    Sometimes in post-election America, there is excitement about what the future will bring. This time around, the prospect is rather horrifying. America is racing, pedal to the metal, toward the fiscal cliff—a mixture of tax hikes and defense cuts that loom just after New Year’s. The same Congress and the … More

    Morning Bell: Obama's "New Economic Patriotism"

    President Obama has a new booklet—a glossy, 20-page spread called “The New Economic Patriotism: A Plan for Jobs and Middle-Class Security.” The title is completely Orwellian, since the plan—which is nothing new—would actually kill jobs, harming the middle class. As expected, the “new patriotism” means paying more in taxes for … More

    Morning Bell: Heritage Experts React to Vice Presidential Debate

    Vice President Biden and Representative Paul Ryan squared off last night for a spirited and intense 90-minute debate at Centre College in Danville, KY. Topics ranged from foreign to domestic, touching on serious issues that Heritage policy experts grapple with every day. While many commentators were critiquing style, a team … More

    Another Downward GDP Revision Shows Economy Still Not Recovering

    On Thursday, the Department of Commerce revised its second quarter estimate of economic growth (in terms of real gross domestic product, or GDP) down to 1.3 percent from 1.7 percent. Anything less than a 2 percent rate of growth is more typical of an economy wilting toward recession than an … More