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Commentary

  • Sorry NYT, the Medicare Cost Problem Remains Unsolved

    On August 28 the New York Times published a provocative article entitled “Medicare: Not Such a Budget Buster Anymore.” Its thesis was that Medicare no longer poses the budgetary threat it was projected to just a few years ago. However, the financial problems caused by rising Medicare spending are far from solved. 

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  • LNG Exports Are a Win For All Concerned

    Bipartisanship in Washington is not quite dead. Republicans and Democrats both praised the Department of Energy's approval of two new liquid natural gas export projects. Speeding up exports would be a win for America and a win for Europe.

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  • My Response to NYT Columnist Krugman

    On Friday, several friends told me that Krugman had criticized my published 

    comments on inflation written several years ago. My position is this: yes, inflation is delayed, but the risk remains high. 

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  • Another Indictment of U.S. Corporate Taxes

    In their new release, the "2014 International Tax Competitiveness Index," Kyle Pomerleau and Andrew Lundeen of the Tax Foundation provide a holistic view of the 34 OECD countries' business tax systems. Their conclusion: in terms of its corporate tax rate, the United States has little to celebrate.

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  • Three Shaky Pillars of Obama Fiscal Policy

    Now in his sixth year in office, President Obama has made it clear he is not interested in serious reform of the major spending programs that are causing, and will continue to cause in the future, so much fiscal distress for the federal government. 

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  • Measuring Regulation

    How many regulations are there? Which industries have to jump through the most regulatory hoops? Which government agencies are most likely to pass new rules? 

    The Mercatus Center at George Mason University recently rolled out RegData 2.0 to try to answer these questions.

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  • More Military Spending Could Actually Save the U.S. Money

    As we honor the memories of those who died on Sept. 11, 2001, we owe it to ourselves to prepare for future attacks. That means a strong defense and a budget that leaves us equipped for emergencies. Otherwise, another 9/11 could wreck the economy.

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  • What Washington Can Learn From Apple

    As those in Washington debate how to get the economy growing faster than an anemic two percent, they should be looking back  to the sector of the economy that has been driving innovation—technology, epitomized by Silicon Valley. And what company is more synonymous with Silicon Valley than Apple?

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  • The 'Coincidence' of CVS and Tobacco

    Back in February, when CVS announced that it would stop selling tobacco products, I wrote that CVS was looking for something in return: more access to the lucrative Affordable Care Act health care market. Now the New York Times is reporting that the "drugstore chain seeks to redefine itself as [the] health care destination for consumers."

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  • The Case for the Gold Standard

    “There has not been one instance in history where active monetary management has advanced an economy.” So goes the bold claim in the new book by Steve Forbes and Elizabeth Ames, Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It.

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