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    Politico and Liberal Economists—Not Congress—Considering Tax Tradeoff

    In a recent article titled “Hill Weighs Tax Trade-offs,” Politico reports that Congress is considering lowering the corporate tax rate and replacing the lost revenue with higher tax rates on capital gains and dividends. But the article cites no “Hill sources” considering such an ill-conceived swap. There are only vague … More

    The Chinese Economy at the Crossroads

    The World Bank’s latest report sounds a warning on China’s future economic growth, reiterating critical recommendations concerning the Chinese economy by The Heritage Foundation’s Index of Economic Freedom. The report makes a strong case that, if China is to keep up growth rates at even half the level it has … More

    Senator DeMint on National School Choice Week

    Yesterday, Senator Jim DeMint (R-SC) spoke at The Heritage Foundation as part of National School Choice Week and to mark the release of the American Legislative Exchange Council’s (ALEC) Report Card on American Education. The report ranks America’s K-12 schools in terms of performance and progress over the past year, … More

    Treasury Right to Reject Additional Funds for IMF

    IMF Managing Director Christine Lagarde has been talking up the need for greatly expanded resources to bail out ailing European economies. European nations have offered to channel about $200 billion of their own funds to themselves through the IMF (a kind of gentleman’s money-laundering to avoid restrictions in their own … More

    Chevy Volt Lost in the Green "Field of Dreams"

    “If you build it, they will come,” an ominous voice called out to Kevin Costner’s character, Ray Kinsella, in the movie Field of Dreams. For Kinsella, the “it” was a baseball field in the middle of a farm in Iowa—and despite all the naysayers, the starry-eyed young father put his … More

    Did the Founders Support Free-Market Capitalism?

    Free-market capitalism is losing supporters these days. Wall Street occupiers blame banks, financial firms, and Wall Street for the bad economy. President Obama derides free markets, in true straw-man fashion, as you’re-on-your-own economics with “a free license to take whatever you want from whoever you can.” Even some Republican presidential … More

    The 2012 Index of Economic Freedom: Africa Still Rising

    Yesterday, Heritage’s 2012 Index of Economic Freedom was released, and Africa features prominently. With an average score gain of 0.2 points, reflecting a net gain of economic freedom in 22 countries, sub-Saharan Africa is once again the most improved region. While scores of Western nations have seen their ratings plummet … More

    What Liberals Don't Understand About Business and Profit

    How’s this for a nicely polished gem of irony? Liberal blogger Matthew Yglesias today authored a piece poking fun at Barnes & Noble for attempting to diversify its bookstore model by venturing into the world of digital with its “Nook” e-reader. (Stay tuned for the irony, below.) For Yglesias, the notion that … More

    'You're On Your Own Economics' Is an Ironic Straw Man

    In his recent speech in Kansas, President Obama accused Republicans of advocating “you’re on your own economics”—a philosophy that supposedly holds that “we are better off when everyone is left to fend for themselves and play by their own rules.” The implication is that unless you favor raising taxes and … More

    Feed-in Tariffs: Just Another Renewable Energy Subsidy

    Another day, another new subsidy for renewable energy. This time it’s a feed-in tariff, as Senator Dianne Feinstein (D–CA) recently inserted language supporting feed-in tariffs into the 2012 Energy and Water Appropriations bill. Feed-in tariffs subsidize renewable energy by forcing utilities to purchase renewable energy at fixed, above-market prices. The … More