Austerity measures in Europe have been the topic of a heated and mostly confused debate in the economic world. During the May summit of the leading industrial nations at Camp David, German chancellor Angela Merkel and other European leaders pushed for continued European austerity. Keynesian critics argue that these policies destroy economic growth.

Barring the unimaginable, just 30 years from now, Japan will be a far smaller and vastly more aged country than the one we know today. On the cusp of a monumental demographic transformation, Japan is gradually but relentlessly evolving into a society whose contours and workings are the stuff of science fiction.

When any economy faces challenges, the first thing it should do is determine if it has any self-inflicted wounds, as those are the easiest to correct. The evidence is clear that the benefits of skilled immigration are high. The costs of bad immigration are also high. It is past time for the nation to stop shooting itself in the foot.

The authors of the November 2011 Heritage Foundation report “Assessing the Compensation of Public-School Teachers” respond to questions and concerns, in the process showing that certain critical accusations—such as undercounting teachers’ work hours or overestimating retirement benefits—are simply false.

Former Massachusetts governor Mitt Romney gave his first major public speech in eighteen months on Thursday and removed all doubts that he would run for president in 2012.

The permanent campaign has driven a wedge between rhetoric and reality when it comes to fiscal responsibility.

This book provides a strategy for liberalizing the aviation services industry.

Thisbook shows that it is time to rethink conventional wisdom regarding consumption of pharmaceuticals.