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The Misuse of Top 1 Percent Income Shares as a Measure of Inequality
Alan ReynoldsThis paper confirms recent studies which find little or no sustained increase in the inequality of disposable income for the U.S. population as a whole over the past 20 years, even though...
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Fiscal Policy Report Card on America's Governors: 2012
Chris EdwardsThe recovery from the recent recession has been very sluggish, and the nation’s governors have struggled with the resulting budget deficits, unemployment, and other economic problems in...
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Countervailing Calamity: How to Stop the Global Subsidies Race
Scott LincicomeThe world is awash in trade-distorting subsidies. Since the financial crisis of 2008, governments have adopted massive “stimulus” packages that have included taxpayer subsidies for...
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Mitt Romney's Energy Plan
Jerry Taylor and Peter Van DorenWhenever gasoline prices are substantially above historic norms — which they are today, as we don’t need to tell you — energy policy takes center stage in American...
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Central Banks: Reform or Abolish?
Gerald P. O'Driscoll Jr.Advocates of central bank reform must examine why central banks emerged and what forces sustain them. They did not arise in an institutional vacuum, and will not be reformed in...
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Grading the Government's Data Publication Practices
Jim HarperBarack Obama promised transparency and open government when he campaigned for president in 2008, and he took office aiming to deliver it. Today, the federal government is not transparent, and...
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Stopping the Runaway Train: The Case for Privatizing Amtrak
Randal O'TooleWhen Congress created Amtrak in 1970, passenger-rail advocates hoped that it would become an efficient and attractive mode of travel. More than 40 years of Amtrak operations have...
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Fiscal and Generational Imbalances and Generational Accounts: A 2012 Update
Jagadeesh GokhaleOfficial federal budget accounts are constructed exclusively in terms of current cash flows — receipts from taxes and fees and outlays on purchases and transfers. But cash-flows do not...
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India and the United States: How Individuals and Corporations Have Driven...
Swaminathan S. Anklesaria AiyarForeign policy discussions tend to focus on government policies and diplomatic initiatives. But relations between India and the United States have been driven...
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On the Limits of Federal Supremacy: When States Relax (or Abandon) Marijuana...
Robert A. MikosThe American Constitution divides governmental power between the federal government and several state governments. In the event of a conflict between federal law and state law, the...
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Humanity Unbound: How Fossil Fuels Saved Humanity from Nature and Nature from...
Indur M. GoklanyFor most of its existence, mankind’s wellbeing was dictated by disease, the elements and other natural factors, and the occasional conflict. Virtually everything it needed — food, fuel,...
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Advantages of Low Capital Gains Tax Rates
Chris EdwardsChris Edwards is Director of Tax Policy Studies at the Cato Institute.
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A Rational Response to the Privacy "Crisis"
Larry DownesWhat passes today as a “debate” over privacy lacks agreed-upon terms of reference, rational arguments, or concrete goals. Though the stars are aligning for a market in privacy products and...
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China, America, and the Pivot to Asia
Justin LoganDespite the United States’ focus on the Middle East and the Islamic world for the past decade, the most important international political developments in the coming years are likely to...
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Should U.S. Fiscal Policy Address Slow Growth or the Debt? A Nondilemma
Jeffrey A. MironThe United States faces two economic challenges: slow growth and an ever-increasing ratio of debt to GDP. Many policymakers believe they face a dilemma because the policy solutions to...
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Infrastructure Investment: A State, Local, and Private Responsibility
Chris EdwardsChris Edwards is the director of tax policy studies at Cato and editor of www.DownsizingGovernment.org.
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How to Make Guest Worker Visas Work
Alex NowrastehPresident Obama and a bipartisan group of eight senators have begun to push for immigration reform. Speaker of the House John Boehner (R-OH) likewise said he supports an immigration...
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Liberalizing Cross-Border Trade in Higher Education: The Coming Revolution of...
Simon LesterRecent developments in higher education, with leading institutions starting to offer courses online, suggest that the Internet is going to disrupt this industry, just as it has already...
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Spending Beyond Our Means: How We Are Bankrupting Future Generations
Jagadeesh GokhaleCurrent U.S. fiscal policy, including the recently concluded “fiscal cliff” debt deal, is placing an enormous financial burden on today’s children and on future generations in order to...
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Why in the World Are We All Keynesians Again? The Flimsy Case for Stimulus...
Andrew T. YoungThe U.S. federal government responded to the financial crisis and recession that began in 2007–08 with unprecedented fiscal stimulus. Passed in February of 2009, the American Recovery...
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