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    How's the Economy at Your House?

    The news media, the President, and Congress should be cautious in trotting out “victims” of the government shutdown. As national media continue the hype, the furor over Washington furloughs will only take you so far in the rest of America. IN WASHINGTON: While the country’s national parks are closed and … More

    Debt Limit: Brinksmanship or Fiscal Course Correction?

    Washington is in the midst of another budget fight this fall over the nation’s debt limit. What some call political brinksmanship others recognize as an important forcing mechanism to rein in out-of-control federal spending and avoid a much worse debt crisis in the future. Dan Mitchell of the Cato Institute, a … More

    The Fed’s Monetary Policy Matters, Too

    It’s easy to get distracted with news like the guessing game of who will replace Ben Bernanke. But the more important issue is: What is the U.S. doing with its monetary policy and why? What we’ve learned about monetary policy since the Fed was created is surely more important than … More

    Don’t Hit Snooze on the Debt

    The national debt is a few years away from an unprecedented peacetime explosion, according to the Congressional Budget Office (CBO). Without serious fiscal restraint, public debt will reach 80 percent of gross domestic product (GDP) in 2022 and then explode to 190 percent of GDP in 2038, around the time … More

    Next Fed Chairman: Independence Is Paramount

    Larry Summers withdrew his name from consideration for the next chairmanship of the Federal Reserve. The office currently occupied by Ben Bernanke wields enormous power over short-run economic changes. Poor decisions at the Fed can cause recessions or boost markets briefly. For that reason, the most important feature of the … More

    U.S. Should Support Full Integration of Taiwan into Regional Economy

    A growing economic relationship between Taiwan and India would be a very positive development in Taiwan’s effort to become fully integrated into the regional economy. The U.S. should encourage it. Taiwan hopes that a recent report funded by India’s Ministry of External affairs and released by India’s Council for Research … More

    Why DOE Is Wasting $45 Million of Your Money

    Last week we wrote about the Department of Energy (DOE) wastefully spending $45 million in taxpayer dollars on advanced transportation technologies. The federal government spending taxpayer dollars on activities the private sector should be financing is nothing new, but another big part of the problem is that these investments stem … More

    A Swedish (Economic) Lesson for President Obama in One Chart

    President Obama is making the first ever bilateral visit to Sweden by a sitting U.S. President. As The Heritage Foundation and Swedish think tank Timbro discussed in a recent Google Hangout, the President should learn from Sweden that advancing economic freedom, not big-government policies, is the driver of economic dynamism. … More

    Economic Freedom: Unleashing the Potential of the World’s Poor

    When the government gets in the way, sometimes even the hardest-working people get stuck in poverty. In Nepal, where more than one-quarter of the population lives below the poverty line, small local shops known as Kirana Pasals are forced to operate in the informal, black market economy because of high … More

    Don’t Ignore Costs of “Stimulus”

      Shocking new economic research has shown that receiving large gifts from the federal government is actually beneficial to states. That is not such a shock, is it? Another non-shock is that pro-stimulus journalists have misinterpreted studies to use them as evidence for national stimulus benefits. The studies are econometrically … More