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    WaPo Admitting Keynesian Stimulus Failed?

    Does unprecedented deficit-spending such as on highways stimulate the economy? For the last few years, some have argued it could. Some have argued it might. Some have argued it would if done right. We have consistently argued that deficit spending on highways or anything else intended to lift aggregate demand, … More

    Our Debt and China

    Yesterday, the Department of the Treasury released an initial estimate of foreign holdings of U.S. securities, including Treasury bonds, as of June 30, 2011. This estimate serves as a correction of monthly figures Treasury publishes, known as the Major Foreign Holders series. There are three implications of the new data … More

    PODCAST: John Taylor On Returning Economy to Prosperity

    In this special Heritage podcast, listen to distinguished Stanford economist John Taylor discuss his new book, First Principles: Five Keys to Restoring America’s Prosperity. PODCAST: John Taylor On Returning Economy to Prosperity What should guide policy proposals going forward? Are we in full economic recovery mode? Is inflation a threat … More

    VIDEO: The Perfect Storm of Regulations on American Energy

    Coal energy powers the small Colorado town of Craig — quite literally. The community relies on the energy produced at the Craig Station plant to keep the lights on and the economy moving. New regulations, however, threaten the community’s prosperity. Colorado imposed a renewable energy mandate that stipulates 30 percent … More

    Morning Bell: Obamanomics Has Failed

    Three years ago today, President Barack Obama signed into law his trillion-dollar stimulus plan, a measure that he promised would save or create 3 million jobs by the end of 2010 and would prevent unemployment from ever going above 8 percent. And though the President today will likely claim that … More

    The United States of America: Land of Overregulation?

    Echoing the findings of The Heritage Foundation’s 2012 Index of Economic Freedom, the latest edition of The Economist sums up well the current status of America’s business environment: The home of laissez-faire is being suffocated by excessive and badly written regulation.… The problem is not the rules that are self-evidently … More

    In Pictures: Facts about America's Slow Economic Recovery

    Sure, the U.S. economy is recovering, but it’s doing so at a very…slow… rate. Some on the left, including the President, paint America’s bounce-back as a roaring surge of job creation, but in truth it’s more of a whimper, as the following four charts show. 1) The recovery is still … More

    Boehner's Payroll Tax Holiday Still Not Stimulus, but Extension Still Easy Call

    This is no time to be raising taxes on anyone. This is sufficiently obvious that even President Obama and House Republicans agree on it. And so now all sides support a simple extension of the payroll tax holiday through 2012. Hallelujah. It’s about time. The payroll tax holiday began in … More

    National Marriage Week: Marriage’s Economic Divide

    One of the greatest drivers of poverty in the United States is the breakdown of marriage. Eighty percent of all long-term poverty occurs in single-parent homes, over 70 percent of poor families are headed by a single parent, and children in single-parent families are approximately five times more likely to … More

    Is the U.S. Economy in a “Liquidity Trap”?

    Popular economics suggests that economic activity results from a circular flow of money in the economy: One person’s spending is a second person’s income, and the second person’s spending is a third person’s income, and so on. According to this theory, recessions occur because psychological factors cause individuals to increase … More