Global Aging and Fiscal Solvency
The Harvard economics professor thinks the US should correct Social Security's impending shortfall by gradually raising the age for "full" benefits to 70 from 67, and not by raising...
Guest Column
Work Longer: It’s Good for You and for the US Budget
Retirement will prove less challenging for the baby boomers than feared because many will choose to work longer and many have a net worth cushion, writes our guest columnist....
The Rising Tide of Corporate Debt
Like individuals and governments, non-financial corporations world-wide are swimming in debt. But our guest columnist, from the McKinley Global Institute, isn't worried.
America’s Baby Bust
'In a world of radical automation potential, which threatens low wage growth and rising inequality, a rapidly growing workforce is neither necessary nor beneficial,' writes our guest columnist, chairman...
America’s Exploding Budget Deficit
The U.S. should slow the cost of Social Security by raising the age threshold for receiving full benefits to 70 from 67, recommends Harvard's deficit hawk.
The Myth of the Aging Society
‘The standard chronological measure of age makes less sense than ever,’ writes our guest columnist, a professor at the London School of Economics and co-author of ‘The 100-Year Life:...
The Old Allure of New Money
'The cryptocurrencies are a statement of faith in a new community of entrepreneurial cosmopolitans who hold themselves above national governments,' writes the Nobel Prize-winning economist, author and Yale professor....
New tax law reveals imbalance in homeownership benefits
'The TCJA has left the nation with an upside-down tax incentive for homeownership that applies to only about one-tenth of all households—nearly all of them with high incomes,' writes our guest columnist.
Nobody Wins a Trade War
'Sit back, take a deep breath, and try to figure out why the stock market has been reacting so violently,' writes our guest columnist, who blogs about the economy.
The Real Engine of the Business Cycle
'Credit-supply expansions often sow the seeds of their own destruction,' write our two guest columnists, who collaborated on the 2014 book, House of Debt. They teach at the U....
Bond Market Frets Over Treasury Supply
'Without wanting to be unduly alarmist, the U.S. has a debt problem,' writes our guest columnist regarding the roots of recent market volatility. 'And that is not going to...
The Lessons of Black Monday
When interpreting the recent market lurch, many will think back to 2008. But a better historical precedent for current conditions is Black Monday: October 19, 1987, writes our guest...
Two ‘Santas’ Can Be Worse Than One
In 1976, Jude Wanniski recommended the 'Two Santas' strategy, whereby Republicans would be as generous with tax cuts as Democrats were with spending. The Trump tax cut is only...
New York, New Jersey, NAIC propose investor protections
New York regulators have proposed a “best interest” standard for sales of life and annuity products, the Wagner Law Group reported. Some New Jersey legislators want non-fiduciaries to disclose...
Tax Cut Will Drive Global Growth: Chao
'The likelihood of an inverted yield curve in 2018 has been reduced, so the likelihood of a recession has been pushed out further into 2020 and beyond,' writes Chao,...
The World’s Priciest Stock Market
'In pricing stock markets, people don’t seem to be relying on any good forecast of the next ten years’ earnings. They just seem to look at the past ten...
Ready or Not for the Next Recession?
'Expansions don’t last forever. A storm will surely come, and when it does, we will be poorly prepared for the deluge," writes the author and macroeconomist at the University...
That Confusing ‘Pass-Through’ Provision
Because Congress insisted on producing the new tax bill in less than two months, JCT, IRS, and Treasury were overwhelmed and did not complete a proper complexity analysis, writes...
Why Low Inflation Is No Surprise
'Those who have used the prevailing economic fable about the 1970s to predict upward outbreaks of inflation in the 1990s, the 2000s, and now the 2010s have all been...
Rothification Wouldn’t Have Hurt Lower-Income Taxpayers
'There is evidence that employees are pretty oblivious to tax considerations when they save, whether in traditional accounts or Roth accounts,' writes our guest columnist, an expert in behavioral...
