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.

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.

The infrastructure plan recently released by the Biden campaign is a collection of tired ideas that have consistently failed in the past.

Since 1986, low‐income housing tax credits (LIHTCs) are the main way in which the federal government tries to increase the amount of affordable housing for low‐income families.

This election, Americans will not only be choosing politicians for office but also whether to increase or decrease taxes in many places.

The Congressional Budget Office released a report today on changes in income, benefit payments, and federal taxes by income group since 1979.

Spending and deficits used to be a battleground in federal elections as each party suggested reforms and blamed the other for fiscal irresponsibility.

The Congressional Budget Office has released new estimates. Federal government spending jumped from $4.5 trillion in fiscal 2019 to $6.6 trillion in fiscal 2020, as shown in the chart below. That huge increase was financed by borrowing, the costs of which will land on taxpayers down the road.

I testified today to the Congressional Oversight Commission regarding federal and Federal Reserve aid to state and local governments.

There are no clouds in the central Oregon sky today, but we are nonetheless living in dim times.