The Republicans are finally at the finish line of a massive tax cut bill, the first major legislative accomplishment of Donald Trump’s Presidency and the biggest overhaul of the tax code in three decades. But, tax policy is mindbogglingly...
It’s been nearly 20 years since the last time the U.S. government managed to not spend more than it earned. No one in their right mind would lend money to a business that has been running in the red...
A new study from Boston University has some great news for the GOP. According to Boston's research, the GOP plan for tax reform could increase GDP by as much as 5 percent and wages by as much as 7...
The only thing harder than fixing health care is tax reform, but President Donald Trump means to try. The proposal the White House unveiled today is short on specifics, long on aspirations. Trump's plan includes: A 15% corporate tax...
We are facing an economic crisis in this country.  The way President Donald Trump and Senator Bernie Sanders tell it, we are facing an invasion and an exodus all at the same time.  President Trump’s biggest fear is the...
In normal times, the Fed responds to economic downturns by lowering its federal funds rate target. This is the rate banks charge each other for overnight loans. But, by late 2008, the Fed had already cut the federal funds...
By Scott Lincicome, orginally published by the Cato at Liberty Blog as "'Reciprocal' Trade Demands Defy Basic Economics and Common Sense." Republished with permission of the author. Despite the immense benefits that Americans have derived from free trade and globalization, as well...
For the classes I teach at Stanford’s Graduate School of Business I make my students write policy memos to a friend or family member as if that person was a Member of Congress. I have done the same here. These...
It’s “Made in America” week at the White House and it seems like President Donald Trump is trying to keep the promises he made on the campaign trail.  However, doing so could disrupt a brilliant plan to diminish Russia’s...
President Donald Trump on Monday trumpeted an agreement with Mexico on trade that he believes rights some of the wrongs of the North American Free Trade Agreement, or NAFTA, which Mr. Trump has called the worst deal in history....
President Donald Trump has long derided the North American Free Trade Agreement (NAFTA) as a terrible deal. Campaigning for President he vowed to scrap, or at least substantially renegotiate, the trade pact. On Monday, the President announced that the...
The trade war between the U.S. and China is escalating, and there’s very little chance of it abating any time soon. The real test is which country will feel enough pain to cry uncle first and how much damage...
A frequent talking point for President Trump and Republicans is that during President Obama's term, the U.S. economy never grew three precent or better in a year. "Obama is the first president in modern history not to have a...
On this week's Axis of Reason podcast, a deep dive into Trump and the economy. The US economy is performing strongly in 2018 as tax cuts fuel strong growth in consumer spending. But, could headwinds from Trump’s trade wars...

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