The publication of Dow 36,000 has caused such a stir that it has at times seemed as if coauthor James K. Glassman and I had written another Bell Curve.

President Bush’s tax plan could have a large impact on the stock market, according to recent research by Deen Kemsley of Columbia University. Kemsley will present his findings, which indicate that stock prices are highly sensitive to the rate of individual income taxes paid on dividends and capital gains....

The following is a summary highlighting testimony by AEI Director of Economic Policy Studies Kevin Hassett to the Joint Economic Committee at a hearing entitled "How the Taxation of Capital Affects Growth and Employment."

DiscussesJames K.Glassman and Kevin A. Hassett's views on stock market.

It will probably be years before we fully understand what drove the world's economies into recession. But we do know one thing: countries that were less free fared worse.

The TED spread is so low that markets must think that governments will work things out.