Odometer

Thank you and happy new year to all my readers and commenters. from The Grumpy Economist http://ift.tt/2lsRs5D

JCT distribution tables

Courtesy Greg Mankiw , the Joint Committee on Taxation distributional analysis of the new tax law. Bottom line: No change. Income categ...

MR wisdom

Best sentence award: "It will not escape notice that New York buys subway construction the way all of America buys health care." ...

Economists as Public Intellectuals

I ran across a video by my former Chicago Booth colleague Austan Goolsbee that prompts some reflection on the role of economists as public ...

Mankiw on endowment taxes

Greg Mankiw wrote a New York Times column December 24 criticizing the university endowment tax. I disagree, not so much with the wisdom of ...

Response to Williamson on taxes

Steve Williamson has an interesting new post on corporate taxes and investment, in which he claims that taxing corporate profits has no eff...

Five insurance considerations for the new year

The start of a new year is a natural time to re-evaluate your insurance coverage needs. Changing circumstances may require updated policies...

The Fiscal Theory of Monetary Policy

"Stepping on a Rake: the Fiscal Theory of Monetary Policy" is new paper, just published in the European Economic Review. This link...

Top 10 Blog Posts of the Year!

Top 10 Blog Posts of the Year . . . Enjoy them for the first time or great second read.   In a busy office, finding appointment time ca...

The Buyback Fallacy

Many commenters on the tax bill repeat the worry that companies will just use tax savings to pay dividends or buy back shares rather than ma...

Holiday Cheer

Bigfoot's To-Do list Animatic from Lydia Fama on Vimeo . Vimeo channel , Youtube , website . from The Grumpy Economist http://if...

The High Cost of Good Intentions

The High Cost of Good Intentions  is a superb new book by my Hoover colleague John Cogan. It is a political and budgetary history of U.S. F...

Enjoy your Holiday's

What an amazing year! I want to send a BIG THANK YOU to all my readers who have supported the blog, sharing with your friends and sending al...

Boot Camp

Hoover has just announced the 2018 Summer Boot Camp  August 19-25 2018 The Hoover Institution’s Summer Policy Boot Camp (HISPBC) is an ...

How to cut taxes and raise tax rates

How can you cut taxes but raise (distorting, marginal) rates at the same time? Add a deduction, but phase it out with income. Then people be...

Universities and taxes

The recent tax bill discussion revealed many ways that universities benefit from lots of obscure tax subsidies like everyone else in contemp...

Hazlett on Spectrum

The public and media discussion of "net neutrality" seems to have degenerated to "we want stuff for free." In the end, i...

Exceptionalism

Law and the Regulatory State is a little essay, my contribution to American Exceptionalism in a new Era,  a volume of such essays by Hoove...