The critics of President Bush's Social Security reform proposal claim there will be massive cuts in "guaranteed" benefits of 40% or more. That is absurd. Nobody's benefits need to be cut and nobody's taxes need to be raised. Current tax rates, given projected economic growth, are sufficient to...

In the short run, the Bush tax cuts were one of the largest and best-timed uses of fiscal policy in history, helping to prevent a much worse downturn (but it would have been better still if the tax rate cuts had been immediate and real spending controls enacted simultaneously to take effect well...

All candidates and Presidents make some statements that make economists cringe, often put into speeches by political advisors unconstrained by economic literacy. From its description of the state of the economy to its policy prescriptions, much of the Kerry-Edwards campaign's pronouncements are...

All candidates and Presidents make some statements that make economists cringe, often put into speeches by political advisors unconstrained by economic literacy. From its description of the state of the economy to its policy prescriptions, much of the Kerry-Edwards campaign’s pronouncements are...