The “Great Recession” of 2008 was the greatest global financial crisis since the Great Depression. It led to the bankrupting of businesses, caused credit markets to dry up, imploded the housing market, and led to a near ...

Washington is awash in red ink, and no one seems willing to make the hard choices needed to set our fiscal house aright. Congress’ recent boast of cutting spending by $38 billion makes the problem seem just about solved. ...

Because of the magnitude of the existing corn harvest shortfall coupled with the large ethanol mandates, policymakers face extreme uncertainties looking into the future with potentially large economic ramifications. ...

In 2006, Texas faced a fiscal double whammy. Not only had the Texas Supreme Court ordered the state to pick up more of the tab for K-12 education, but the legislature promised voters significant property tax relief. To ...

Not all taxes are conveniently labeled as such. For example, consider jury duty. Although it is seldom discussed in these terms, jury duty clearly fits the textbook definition of a tax—jurors are required to surrender a ...

Until recently, the 2007 ethanol mandates have been a story of very small environmental and security benefits and large, unexpected increases in food prices as corn was diverted from food to fuel uses. Now we have another ...

The North American Free Trade Agreement (NAFTA), which was initiated during the Republican administration of George H.W. Bush and completed during the Democrat administration of Bill Clinton, has been studied intensively ...