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  • February 20, 2020
    UK Telegraph
    Abolishing UK’s ‘Factory Tax’ Would Help Get Productivity Moving Again
    … taxes. History suggests neither is a path to strong economic growth. Instead, the Chancellor should focus, laser‐​like, on how policy might raise productivity growth. Britain has laboured since the financial crisis, with output per hour growing at a measly …
    By Ryan Bourne
  • February 20, 2020
    The Hill (Online)
    The Capital Gains Tax Threat
    … accrual basis. No other OECD country imposes such punishing capital gains tax treatment. What’s the best capital gains tax policy? Federal Reserve chair Alan Greenspan got it right at 1997 Senate Banking Committee hearings. He said, “While all taxes …
    By Chris Edwards
  • February 19, 2020
    National Review (Online)
    President Trump’s ‘Deal of the Century’ Would Be a Historic Mistake
    … policymakers are objective or balanced: Israel is a political “third rail,” enjoying extraordinary favor among many Democratic and most Republican policymakers. Recent presidents made little effort to offer a balanced policy, irrespective of their rhetoric. Washington might not be able …
    By Doug Bandow
  • February 18, 2020
    National Review (Online)
    How Donald Trump Can Jumpstart Diplomacy with North Korea
    … Dropping efforts to achieve detente with the Democratic People’s Republic of Korea leaves President Trump without an obvious foreign policy success. Endless wars in the Middle East continue. The president abandoned the nuclear deal with Iran, creating greater Gulf …
    By Doug Bandow
  • February 18, 2020
    The National Interest (Online)
    Donald Trump’s Real North Korea Mistake
    … accept Washington’s demands, the objective of financial burden‐​sharing fails to understand the real problem with U.S. foreign policy. The more fundamental problem is that the costs and risks of America’s alliance obligations now outweigh the prospective …
    By Ted Galen Carpenter
  • February 16, 2020
    American Spectator (Online)
    Time to Drop Defense Guarantees to the Philippines
    Rodrigo Duterte is no friend of America. But in this case he would force America to do the right thing, giving Washington an excuse to end an obsolescent military guarantee to a nation of little security importance to the United States.
    By Doug Bandow
  • February 13, 2020
    Blog
    Vice Chair Quarles’ Stigma Problem
    Any potential gains from sticking to the Fed’s old toolkit are far outweighed by the potential costs of having to rely upon a tool which, if it isn’t quite “broken,” is too close to it for comfort.
    By George Selgin
  • February 13, 2020
    Blog
    Wasteful Local Infrastructure
    Politicians love infrastructure, but many local government projects seem awfully wasteful.
    By Chris Edwards
  • February 12, 2020
    Blog
    Unpacking Trump’s Military Budget
    The Trump administration offers up big increases for nuclear weapons, but only modest increases for many military other programs. Is it picking a fight with Congress? 
    By Christopher A. Preble
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