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    Economic Freedom: America’s Entrepreneurial Pulse at Risk

    April 15, better known as Tax Day, is approaching again. The “Yes, We Can” Administration, which has squandered billions of hard-working Americans’ tax dollars every year on wasteful programs, has deprived economic freedom at an accelerating rate. The collateral damage from America’s dwindling economic freedom can only get costlier over … More

    Government of Japan Oversteps Its Bounds

    The Japanese state minister in charge of economic and fiscal policy told reporters last week that the government of Japan would “react” to those firms who don’t fall in line to Prime Minister Shinzo Abe’s economic policy, called “Abenomics.” The policy—a combination of loose monetary policy, increased government spending, and … More

    The Left’s Misplaced Nostalgia Debunked in One Chart

    In a throwback to the economic policy and theory of the 1950s, President Obama in a recent speech blamed the rich for concentrating wealth and spending too little on consumption: Concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives … More

    Heritage Expert Analysis on the Ryan–Murray Budget Deal

    Representative Paul Ryan (R–WI) and Senator Patty Murray (D–WA) forged a budget deal without even trying to address the key drivers of spending and debt in a meaningful way. Instead, the deal increases spending immediately while delaying deficit reduction until later and trades some spending cuts for more revenue. Below … More

    Dealing the Right Cards in Japan's Upper-House Shuffle

    On Sunday, Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP) took majority power in Japan’s upper house, giving his party majority control over both upper and lower houses. This presents an opportunity for the LDP to make the difficult changes necessary to turn its economy around and make it a … More

    Immigration: Study on Taxes Leaves Out Costs of Amnesty

    The Institute on Taxation and Economic Policy (ITEP) released a report today calculating “Undocumented Immigrants’ State and Local Tax Contributions.” It concludes that “the 11.2 million undocumented immigrants living in the United States are already paying a significant share of their income in state and local taxes, and that figure … More

    GDP: I Do Not Think It Means What You Think It Means

    Many decision makers and commentators treat gross domestic product (GDP) as if it measures the whole of the economy. They even use “the economy” and GDP interchangeably. GDP is an accounting device—and a poor measure of economic health. Household wealth is much closer to what we mean by “the economy.” … More

    Brazil Turns Away from Capital Controls

    Last week, Brazil announced that it is finally eliminating its most prominent tax on foreign portfolio investment. This reversal is the most recent reminder of the negative effects of capital controls. Capital controls are measures, sometimes in the form of taxes or fees, that limit the movement of capital into … More

    The Euro Loses a Big Supporter and Gains a New Neo-Con

    Definition of an American neo-conservative: A liberal mugged by reality. The new poster child for the budding European neo-conservative: Oskar Lafontaine? Lafontaine, German history majors will recall, is the Social Democrat and former German finance minister who helped launch the European Monetary Union (EMU). He is also the latest European-style … More

    Margaret Thatcher Made Great Leaps, Avoided Compromise

    The life of the late Margaret Thatcher, former Prime Minister of the United Kingdom, offers many interesting and instructive examples of statesmanship. Not only for what the Iron Lady did, but what she did not do—her ability to resist the prevailing winds of peer pressure and public opinion in favor … More