Brief Analyses

Restricted to two letter-size pages, a Brief Analysis summarizes some aspect or aspects of a public policy issue, presenting points for consideration in policy debates or responding to points that have been raised during these debates.

Do Drug Courts Work?

Drug courts are judicially supervised programs that provide long-term treatment and other services to nonviolent drug law offenders. Cases can be referred to drug courts in lieu of or in addition to t…

The Limit of Tax Revenues

The Greeks have always been trendsetters for the West. Washington has repudiated two centuries of U.S. fiscal prudence as prescribed by the Founding Fathers in favor of the modern Greek model of debt,…

Is a VAT the Answer?

All over the developed world, countries are facing an extremely unpleasant budgetary reality: Per capita health care spending is growing at twice the rate of growth of per capita income.

Education Vouchers Benefit Edgewood Economy

Tuition voucher programs attempt to improve academic performance through school choice. Vouchers pay a set amount to schools chosen by the students' families. Programs can be federally funded (like th…

The Likely Effect of the Federal Budget Deficit

Many people are worried about the United States' federal budget deficit and accumulating debt burden. In 2009 the federal budget deficit reached a record $1.4 trillion, and public debt (U.S. Treasury…

Should Carried Interest Be Taxed as Ordinary Income?

Investment firms include private equity funds (which raise capital to invest in start-ups or existing businesses) and hedge funds (investment funds that specialize in certain investments such as debt…

The Myth of Financial Reregulation

The regulatory reform bill currently before Congress will supposedly impose financial reregulation, reversing the alleged deregulation of the past 30 years.  What deregulation?  Can anyone point to th…

The Myth of the "Doc Fix"

In order to prevent a one-fifth drop in the fees physicians receive under Medicare, Congress is proposing another in a series of temporary fixes. The American Medical Association (AMA) engaged in an e…