Laurence Kotlikoff argues that it is high time the U.S. gets its fiscal house in order, and he tells us exactly how with three big ideas.

Laurence Kotlikoff gives the current tax system a D, the President's Tax Reform Panel proposal a B+ and explains what his A+ tax system would look like.

Laurence Kotlikoff presents a humorous take on Lawrence Summers' alleged suggestion that economists are smarter than sociologists.

Laurence Kotlikoff argues that the official United States deficit does not look too terrible, but it is a terrible measure of the government's economic health: The truth is a $70 trillion long run imbalance that is growing at $2 trillion per year.

This paper explains how "pension reform," as it has been practiced in Chile and elsewhere, may simply constitute a relabeling of existing fiscal institutions that end up imposing high investment and insurance fees on workers.

Although this year's record deficit has attracted a lot of attention, the real concern is the unsustainability of the federal budget over the next 10 years and longer. The budget situation presents policy makers with a very delicate balancing act between encouraging economic recovery and...

Alan Auerbach assesses the report of the Presidential Panel on Federal Tax Reform. He finds much good, some bad, and too much missing. Although the reform mission is not yet accomplished he favors Congress pursuing serious tax reform.