This paper simulates and develops a dynamicmodel ofstrategic telecommunications competition.

Richard Rogerson discussed the important questions concerning the optimal size and scope of federal spending.

The FairTax proposal, which now has fifty-four sponsors in the U.S. House of Representatives, would institute a national retail sales tax to replace individual and corporate income taxes, payroll and self-employment taxes, and estate and gift taxes. The question of what sales-tax rate would be needed to replace the revenue...

In their new book, The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen, (Simon & Schuster, October 2008), Arthur Laffer, founder and CEO of Laffer Associates and a former member of President Ronald Reagan’s Economic Policy Advisory Board; Wall Street Journal senior economics writer...

Strengthening competition in the telecom sector is the key to restoring telecom investment.

While policymakers should work to strengthen Social Security and private pension savings, talk of a crisis in retirement income preparedness appears premature.

Shifting the tax burden to older workers would allow the young to save more, invest more, pay down debts, and put the United States on a firmer fiscal footing.