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Some researchers contend the poor in the United States are not all that poor. But their studies are misleading. Steven Pressman explains why and then sets the record straight.
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Even progressives these days are discussing ways to increase tax revenues that do not require an increase in progressive income taxes. The reason is that increasing income taxes on the rich is a no-go politically. But is a flat tax a reasonable replacement? Not at all, argues this economist.
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Every developed country other than the United States offers parental leave for mothers and fathers paid out of the national budget. The authors say the payments directly reduce child poverty. Is it too costly for the United States? These two economists think not.
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Can we get grade inflation under control? Jawboning doesn't seem to work. But economic policy may offer some other lessons.
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