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Timothy Taylor2 The New Tech Economy and Machine Learning: Transforming Industries and Driving Innovation
Azamat Abdoullaev3 Exploring the Idea of Replacing Federal Taxes with a National Sales Tax
Timothy Taylor4 The IRS Audit Algorithm and Racial Effects
Timothy Taylor5 Robert E. Lucas Jr., 1937-2023
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Climate Summit 2021: President Joe Biden Announces the United States Will Aim to Cut Carbon Emissions by as Much as 52% by 2030
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More in Global Economy
Brazil Faces Significant Challenges
Uncontrolled spending and ruinous results … Brazil has been a prime example of the policy of “more is less”. Under Lula and Rousseff the country felt invincible and believed that entering into massive trade and fiscal deficits while spending on ruinous government publicity projects and subsidies would work.
- 6
Portability of Occupational Licenses?
About 25-30% of all US workers are in a job that requires an occupational license; for comparison, 10.7% of US wage and salary workers are in a union. The usual justification given for occupational licenses is that they are needed to protect the health and safety of the public. But economists going all the way back to Adam Smith in 1776 (who focused on the issue of how overly long apprenticeships limit labor market competition in Book I, Chapter 10 of the Wealth of Nations) have harbored the suspicion that they also might serve to reduce competition in the labor market and thus help those who have the license achieve higher pay.
- 5
The Tax Cut And Jobs Act Working Better Than Expected
Any tax cut will always be attacked by the interventionist crowd. The main argument is deficits. Something I find amusing because those same interventionists are the ones that defend massive deficits when it comes from rising expenditure. Why? Because government spending empowers politicians and their crony sectors while tax cuts empower citizens.
- 5
Is The Oil Burden A Rising Problem?
While markets are becoming increasingly bullish, oil prices are close to a “warning zone” where the barrel could be one -if not the only- catalyst of a major slowdown.
- 4
Rumination: Why Not a Military War on Trade?
As President Donald Trump's trade war continues to escalate, it's perhaps worth remembering his tweet from back in March:
- 6
Corporate Debt and Leveraged Loans: Financial Snags Ahead?
It was 10 years ago in September 2008 that the worst of the financial panic crashed through the US economy. Where might the next financial crash be lurking? In a speech last week, Federal Reserve Governor Lael Brainard pointed to some possible candidates. She said:
- 3
International Car Production and Ownership: Some Snapshots
Motor vehicle production and ownership is one window for looking at differences and changes in the world economy. Here are some snapshots from the Transportation Energy Data Book, produced by Oak Ridge National Laboratory for the US Department of Energy, updated August 2018. (For the record, the book includes many more figures about energy, motor vehicles, and other types of transportation, with a primarily US focus.)
- 5
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