Downsizing Blog
Canada Fiscal Record Not Supportive of Keynesian Theory
Congress is debating another aid package for the states and private sector. Further aid for the states is a bad idea.
Another Bad Idea: Transit Parity
At least 33 members of Congress have signed onto a resolution calling for transit parity, by which they mean that the federal government should spend as much money on transit as it spends on highways.
Yes, the National Debt Is Still a Problem. Always Was.
Cato adjunct scholar John Cochrane has written a great piece on “national debt denial,” which I recommend reading in full.
Student Debt Cancellation
With Senator Chuck Schumer calling on President‐elect Joe Biden to enact massive federal student debt cancellation by executive fiat, perhaps we need another reminder why such a policy would be terrible.
Is Tax‐Driven Interstate Migration Increasing?
The health crisis and office shutdowns in New York, San Francisco, and other cities have prompted companies to liberalize their policies on remote working.
Decentralize Power to Unite the Nation
The problem with democracy is that after the election, half the country is going to feel as unhappy as this tortured fellow.
V‐Shaped Recovery
The Bureau of Economic Analysis released estimates of third quarter gross domestic product (GDP).
Biden’s Radical Capital Gains Tax Increase
Joe Biden is planning large tax increases if elected president.
Infrastructure, Federalism, and Economists
I’ve noticed many economists from Wall Street and elsewhere on cable news shows and other media claiming that more federal infrastructure spending would lift the economy.
Postal Banking
On September 17th, Senators Kirsten Gillibrand (D-NY) and Bernie Sanders (D-VT) went on Facebook Live to announce their introduction of the Postal Banking Act, a bill that would have the US Postal Service provide a “public option” in some retail banking services.