Raising the Ceiling

Calvin Coolidge once said, “Nothing is easier than spending the public money. It does not appear to belong to anybody. The temptation is overwhelming to bestow it on somebody.” The nationa…

Growth Stories

Height is about more than how tall you are. When affluence grows, so too do people. Why? Height seems to correspond to economic growth.  Connecting height and economic growth, a wonderful New Yor…

Deficit Denial

According to 96% of the participants in a CBS News poll on the deficit, “We really don’t care.” Jobs were #1 and health care #2 with the deficit far behind. According to Washington P…

Economic Growth

Did someone once say, where you look determines what you see? For evaluating the impact of federal spending, perhaps that is the problem. Some economists emphasize the connection between federal spend…

Paying Fannie Mae's Bills

Each of us is helping to pay a $10 million monthly grass mowing bill. Why? Because of homes that are owned by Fannie Mae and Freddie Mac. As GSE’s (government sponsored enterprises), Fannie and …

A Plastic Penny?

How do you feel about the penny and the nickel? If you care about the federal budget, you might want to mint them more inexpensively. But, if you own a laundromat, you disagree.    Pennies a…

A VAT For Pretzels?

The Senate just said “No” to a VAT. Disagreeing, Paul Volcker sort of said “Yes” when he observed that a VAT is “not as toxic an idea” as we once believed. Sud…

Taxing Decisions

Some people believe that government spends more when it has an affluent population to pay for it.  In a recent NY Times column, David Leonhardt presents a slightly different perspective. Instead,…

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