The Developed World's Demographic Transition

The entire developed world stands at the fore of a phenomenal demographic transition. Over the next 30 years, the number of elderly in the U.S., the EU, and Japan will more than double. At the same ti…

How Large Is the Federal Government's Debt?

Social Security and Medicare have made future promises far in excess of tax revenues that will be collected at current tax rates. The difference between what has been promised to current and future ge…

Technology and Freedom: The Virtuous Circle

Without freedom, technologies that enhance human welfare would be scarce rather than abundant. Technology and freedom are symbiotic, forming a virtuous circle. By examining the relationship between th…

Immigrants, Welfare and Work
Throughout its history, the United States has been a nation of immigrants. However, in recent years, and even more so since September 11, 2001, Americans have favored a stricter immigration policy.
How Big Is the Government's Debt?
Reports about the enormous federal debt abound, as do dire predictions about the impact of that debt on future generations. But just how big is the debt?
401(k) Reform: Doing It the Right Way

401(k) retirement savings plans have been popular over the past three decades. However, the Enron debacle and the recent stock market slump are spurring Congress and the Bush administration to propose…

Privatizing Defense: Britain Leads the Way

The military campaign in Afghanistan demonstrated that, among NATO countries, only Great Britain - with its small but professional military - has the capability to deploy advanced military assets to f…

Fixing Airport Security

The terrorist attacks on the Pentagon and the World Trade Center have emphasized that the present U.S. airport security system is not adequate to the task.