Fiscal Policy
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Have Mount Laurel Obligations Made New Jersey Housing More Affordable? A Synthetic Control Analysis of Housing Supply and Cost
This paper investigates the effect of affordable housing obligations in New Jersey on cost of living, cost of housing, and actual housing production. New Jersey’s Mount Laurel court cases established […]
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Enabling Bad Behavior: The Federal Reserve’s Municipal Liquidity Facility in Retrospect
Executive Summary In response to the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act greatly expanded government intervention in the economy. Among many hasty creations of March […]
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How Currency Shapes Global Trade: Exchange Rates, Investment, and Stability
Free trade and free markets promote sound money, as countries compete for business and investment.
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Gen Z’s Financial Nihilism
“Not only are Gen Z Americans unprepared to reform our country’s spending programs and revive the nation’s fiscal health, they are also engaging in the very behavior that will undermine their ability to achieve the American Dream.” ~Michael Peterson
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ULTRAs: The Worst Idea You’ve Never Heard Of
“Instead of taking two percent (say) of the liquidated value of the wealth, the state would simply take ownership of the wealth, in place… In a relatively short time, the government literally takes substantial ownership of all successful private businesses.” ~Michael Munger
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Policy Uncertainty Drives Economic Volatility
“Regulations often have significant compliance costs and operational challenges. The regulatory burden can stifle innovation and deter investment, particularly in industries struggling with economic headwinds.” ~Vance Ginn
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Want Better Higher Ed? Get the Feds Out
“Market-like responses to dissatisfaction with schools are heavily muted by subsidies. The Biden administration is working for wide cancellation of student debt, which would squelch even these limited market forces.” ~Neal McCluskey
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Don’t Let a Crisis Go to Waste in 2025
” By returning to principles of fiscal responsibility and market-driven activity, America can navigate away from the fiscal abyss and toward a future of economic stability and prosperity.” ~Vance Ginn
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Monetary Policy and that Old-Time Fiscal Religion
“Nominal income targeting can potentially restore the old-time fiscal religion. Like the classical gold standard, this approach stabilizes total spending in the economy, rendering counter-cyclical fiscal policy unnecessary and ineffective.” ~ Bryan P. Cutsinger & Louis Rouanet
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What To Do About Deficits, Debt
“When it comes to fiscal follies, this time is different. Let’s not pass the buck. Instead, let’s make the necessary sacrifices to ensure the long-run integrity of the United States. Let’s plant the trees.” ~ Alexander William Salter
