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    What Happens When Economists Skip Econ 101

    Suppose the government forces a company to take all the money it would have paid person A and use it to hire person B instead. How many jobs have been created? If you said, “One direct job, one indirect job, and a number of uncounted induced jobs,” call the University … More

    CBO To Join Heritage Answering Committee's Questions

    Several weeks ago we received a letter from Chairman Henry Waxman of the House Energy and Commerce Committee requesting information concerning our economic modeling of H.R. 2454, the American Clean Energy and Security Act. We quickly responded (our answers are available here). Several other organizations and government agencies also received … More

    PERI Study: Ill-Conceived Analysis of Non-Existent Legislation

    A recent report by Robert Pollin, James Heintz and Heidi Garrett-Peltier of the Political Economy Research Institute purports to study the “economic transformation” the American Recovery and Reinvestment Act (ARRA) and the American Clean Energy and Security Act (ACES) will harmoniously bring about. The analysis begins with the three “objectives … More