Regulatory ‘Rithmetic

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A frequent talking point (e.g., like this) in this year’s presidential campaign is about the economic burden of federal regulations.  Given this focus, I thought it might be helpful to wade into the arithmetic behind this burden and the ways in which any president might alleviate it in the coming years.  I focus on the two … Read more

Debits and Credits: Simple Budget Algebra

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The US Federal Government faces a looming “fiscal cliff” as a result of current law calling for a simultaneous set of across-the-board cuts in spending and a rise in various tax rates. There are many interesting aspects to this scenario, particularly given the divided partisan control of the two chambers of Congress. Digression. Because Congress must … Read more