State Governments Continue to Cut Income Tax Rates

  Although the prospect for taxation at the federal level is dismal, given the huge annual budget deficits of over $1 trillion as far as we can predict, the story at the state level is much different. Here’s an excerpt from David R. Henderson, “Cuts in Income Tax Rates Continue,” TaxBytes, Institute for Policy Innovation, […]

Will US inflation continue to slow?

Will US inflation continue to slow? US inflation has slowed consistently over the past year, although declines have moderated in recent months as price pressures in sectors like shelter — which includes rents — have remained high. On Wednesday, the Bureau of Labor Statistics will release its latest consumer price index report, which is forecast […]

Can the West’s perplexing employment miracle continue?

If you want to see what a world swimming in jobs looks like, visit Japan. At airports people are employed to straighten suitcases after they tumble onto the baggage carousel. Men in uniform with fluorescent batons stand outside construction sites, and politely remind you that walking on to the site is probably not a good […]