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Issues


At e21, we use a broad definition of “economic policy.” Our analysis covers both macro and micro issues across a variety of policy areas, including the budget, national debt, financial markets, banking, housing, health care, infrastructure, and entitlements – just to name a few.

Budget

This Tax Change Could Keep Your Business Alive After Your Death

As 2014 draws to a close, many people are thinking of tax planning strategies. Some might donate to charity, others might choose to pay state taxes early. One novel idea that has just been proposed on Capitol Hill would allow people to decide when to pay estate taxes.

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Civil Forfeiture Creates a License to Steal

Civil forfeiture laws, though designed as legitimate law enforcement tools used to combat the international drug trade and terrorism funding networks, have mutated into a way for government to steal from innocent individuals. Yes—believe it or not, this is happening in the United States. 

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Employment

Has Inequality Driven A Wedge Between Productivity And Compensation Growth?

A couple of posts ago, I showed that when analyzed properly, hourly pay has risen just as much as productivity since 1947. The keys to getting the analysis right are to

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6 ways the government criminalizes economic activity

Although many politicians say they support economic growth, the federal government goes out of its way to criminalize broad ranges of economic activity. Here are six examples, and there are many others.

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Energy

Three Ways the Government Criminalizes Economic Activity

“Although many politicians say they support economic growth, the federal government goes out of its way to criminalize broad ranges of economic activity. It’s as simple as this: A person or a company wants to provide a good or a service, and Uncle Sam says no.”

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New Technology Fuels America’s Energy Boom

The creativity of individuals cannot be overstated. At the same time that some are predicting that the plunge in oil prices will spell the end of the U.S. energy renaissance, cost-saving, innovative technologies such as the VorTeq are being developed and brought to market. This bodes well for continued growth in U.S. energy production, even in the face of falling oil prices. 

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Finance

Fed's Forward Guidance Amounts to A "Considerable (Waste of) Time"

If you had told an economics practitioner 30 years ago that the Federal Reserve would hold the U.S. benchmark rate close to zero for six years, he would have said, nonsense. How could a highly developed $17.5 trillion economy function with such low interest rates for so long without generating huge imbalances or raging inflation?

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Three Ways the Government Criminalizes Economic Activity

“Although many politicians say they support economic growth, the federal government goes out of its way to criminalize broad ranges of economic activity. It’s as simple as this: A person or a company wants to provide a good or a service, and Uncle Sam says no.”

Read more...

Healthcare

Three Ways the Government Criminalizes Economic Activity

“Although many politicians say they support economic growth, the federal government goes out of its way to criminalize broad ranges of economic activity. It’s as simple as this: A person or a company wants to provide a good or a service, and Uncle Sam says no.”

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Gruber and Barro Are Wrong to Assume the Public is Stupid

A ton of virtual ink has been spilled over Obama Administration advisor Jonathan Gruber’s admission that he and others intentionally misportrayed the effects of the Affordable Care Act to facilitate its passage. Here I want to explain how Gruber’s characterizations of the “stupidity of the American voter,” as well as subsequent comments by Josh Barro, are incorrect on the substance.

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Regulation

Civil Forfeiture Creates a License to Steal

Civil forfeiture laws, though designed as legitimate law enforcement tools used to combat the international drug trade and terrorism funding networks, have mutated into a way for government to steal from innocent individuals. Yes—believe it or not, this is happening in the United States. 

Read more...
Union Elections Make Cuba's Seem Fair

The NLRB wants to do everything in its administrative power to tilt the playing field towards unionization-even if it goes against decades of precedent. That is the only reason for the new rules. A solution would be for the 114th Congress to send President Obama a bill to reverse the new rules before they come into effect in April. 

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