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    As Fed Tapers, More Central Bank Independence Needed

    This week finance ministers and central bank officials from around the world will converge on Washington for the spring meetings of the World Bank and the International Monetary Fund. Discussions of monetary policy normalization are leading this year’s expansive schedule. One notable item missing from the agenda is discussion of … 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

    Fed Nominee Brainard Needs Nuance on Austerity

    In her hearing before the Senate today, Federal Reserve Board nominee Lael Brainard reportedly said that “expansionary austerity is a contradiction and does not work.” This one-dimensional view of a complex set of policies ignores extensive academic research and lacks the nuance we expect from those who serve on the … More

    CBO Again Repeats Faulty Methodology to Estimate Impact of Stimulus

    There they go again. The Congressional Budget Office (CBO) just released yet another report on the beneficial impacts on the economy of President Obama’s 2009 stimulus. This latest one uses the same faulty methodology CBO used in prior reports. The CBO report follows closely on the heels of a similarly … More

    By How Much Did Congress Increase the Debt Ceiling? Hint: It’s a Trick Question

    Just a few weeks before President Obama releases his budget proposal to boost deficit spending for the remainder of his term, Congress voted to “raise the nation’s borrowing limit through March 2015.” But there’s one big question: By how much did Congress raise the debt limit, exactly? As Heritage’s Romina … More

    The State of Our Union’s Economic Freedom: On a Startling Decline

    During his State of the Union address, President Obama laid out lots of claims, plans, and promises. No matter how much he tries to repackage his rhetoric, however, it remains clear that the state of our union’s economic freedom has become frail due to his misguided policies. According to the … More

    Generation X and Millennials Face Retirement Crisis

    While social commentators bemoan the impending retirement crisis facing baby boomers, younger Americans should really be the ones worrying, argues Heritage’s Romina Boccia on Next Generation TV. >>> Watch the video here. Over the next 20 years, the working age population is supposed to increase by 10 percent, but the … More

    How to Get the Most from Your Dollar in a Slow Economy

    It’s an age-old problem in Washington, D.C.: Every few years or so there’s an economic slowdown, a recession, a bad jobs report, a slow recovery or something similar, and the hue and cry from editorial pages to the Oval Office is directed at Congress: “Don’t just stand there; do something!” … More

    How Congress Gets Away with Spending THIS Much Money

    Imagine for a moment that you were an NBA superstar. It’s tough to fathom making $30.5 million per year like Kobe Bryant does—but just think of that level of wealth. Even with that superstar salary, to pay for this year’s $1 trillion federal spending spree you would have to work … More

    This Is Not a Ranking We Should Be Proud Of

    Would you want to live in a country that is losing freedom? How about a country that has lost ground in property rights and become more corrupt? If you’re an American, you’re living there. The 20th anniversary edition of the Index of Economic Freedom reveals that the United States has … More