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  • Stimulus Package

    Farm Bills Would Cost More Than Obama Stimulus

    The House and Senate are considering farm bill legislation this week whose costs should raise red flags for all Americans. In fact, the House and Senate versions of the bill would cost far more than the Obama stimulus package. The costs are just one example of how the farm bill … More

    The Story on November’s Food Stamps “Cuts”

    The latest buzz about food stamps is that benefit amounts will be “cut” beginning November 1. But what is this “cut”? Basically, it’s the benefit amount returning to the level it would have otherwise been if not for the 2009 stimulus. In 2009, President Obama’s stimulus package temporarily pumped extra … More

    Japan’s Revolving Door Tax

    Prime Minister Shinzo Abe is likely to increase Japan’s sales tax from 5 percent to 8 percent next year. Abe and his close ally Haruhiko Kuroda, head of the Bank of Japan, have long advocated for increasing Japan’s money supply by targeting a higher inflation rate in an attempt to … More

    "Buy American" Laws: An Illusion of Patriotism

    Who could oppose “Buy American” measures that appear to support American manufacturing and create jobs? On the surface, that’s what the All-American Flag Act seems to do. But on closer examination, such laws do not benefit “All Americans” but rather just a narrow group of producers. A recent proposal from … More

    900,000 Reasons Obamacare Is Bad: Moving Americans from Work to Welfare

    Obamacare is not only hurting small businesses and economic growth. It might also give nearly a million low-income individuals a reason to leave work for welfare. A new study from the National Bureau of Economic Research by professors from Columbia University, Northwestern University, and the University of Chicago argues that, … More

    Obama Inauguration Speech: More Transportation “Investment”

    President Obama hinted toward at least one aspect of his second-term agenda during yesterday’s inaugural address: more transportation “investment.” No surprise there. Obama’s past budget requests, State of the Union speeches, and the American Jobs Act of 2011 plan have all been peppered with calls for increased federal spending on … More

    Fiscal Cliff: Is Heritage Inconsistent?

    Menzie Chinn took to the blog Econbrowser last Thursday to accuse conservative economists in general – and The Heritage Foundation in particular – of being inconsistent, since we did not share his optimism about the benefits of the 2009 stimulus, but we’ve warned of the danger of the fiscal cliff. … More

    Why China is Not an Economic Threat to the United States

    Recent reports of China’s economic growth contrasted with the U.S. economic downturn have left Americans increasingly concerned that China is becoming a new superpower, controls American finances and will surpass the United States as the world’s leading power. The reality is that the fundamentals of the American economy are stronger … More

    Congress and Big Labor Collaborate to Raise Taxes

    The AFL-CIO, in concert with some Congressional leaders, has proposed yet another tax hike to fund Washington’s ongoing explosion of spending. This latest collaboration between Big Labor and Big Government would be a 0.25 percent tax on all stock trades. Given the budding deficit pressures another tax hike proposal is … More