Feb 24, 2022
Everyone wants the budget problem to just go away. More realistically, everyone wants someone else to pay to solve the budget problem. But we are running out of time to think more seriously. Has insufficient tax revenue contributed to our budget problem? Will we need to increase taxes to slow our runaway budget deficits...
Feb 9, 2022
Traditional standards of responsible federal fiscal behavior have been blown away by two black-swan events—the housing and financial crisis of 2008 and thereafter, and the coronavirus pandemic that emerged in 2020. Because there has been no cataclysm since, some commentators have leapt to the conclusion that “debt...