Issue Briefs

Should U.S. Imports Be Taxed to Subsidize Exports?

The tax debate in Congress has shifted away from simply cutting taxes to restructuring the tax system. There is no shortage of reform proposals, but current initiatives in tax and trade policy are no…

Terrorism in Latin America (Part One): The Infiltration of Islamic Extremists

The threat from Islamic extremists in Latin America remains an overlooked aspect of U.S. national security strategy. And the threat is worsening – not “waning” as the Obama administration claimed abou…

Who Is Responsible for Rising Drug Costs?

Americans’ prescription drug bills are rising. Most drugs are affordable, but prices for a few drugs exceed the average mortgage payment. They can be especially costly when there are only one, two or…

How the Economy Affects Major Asset Classes

Asset performance patterns are not always easy to explain, even over longer time frames. For instance, stock and bond prices are positively correlated, but they are also negatively correlated at vario…

How to Make New Drugs More Affordable

Over the past several years, a few high-priced drugs have elevated drug spending to a political issue. Patients are more sensitive to rising costs due to increasing deductibles and, because consumers …

The American Dream is Alive and Well – Among Orphanage Alumni!

Over the last several years, national media have reported discouraging news on the survival of the American Dream. One study found that a sizable majority — just under 60 percent — of Americans have l…

Proposed Payday Lending Rule Will Hurt Lower-Income Consumers

The Consumer Financial Protection Bureau is a federal agency created by the Dodd-Frank Wall Street Reform and Consumer Protection Act to protect consumers from “unfair, deceptive, or abusive practices…

The Economics of NATO Expansion

In his January 1997 State of the Union speech, President Bill Clinton lauded the
expansion of the North Atlantic Treaty Organization (NATO) into Central and East
Europe, saying America’s “first task is…