Adjusting poverty measures to account for the benefits of product improvements reveals that Americans in every income group are better off than they were twenty-five years ago.

In a new AEI Press book, Christian Broda and David E. Weinstein demonstrate that the consumer price index ignores two important sources of prosperity for American households.

Prices, Poverty, and Inequality offers an accurate--and encouraging--picture of economic well-being in the United States.

Supercommittee Republicans offered a plan to eliminate tax preferences and reduce tax rates, as in the 1986 bipartisan tax reform. They argued that high tax rates would squelch economic growth.  They didn't make the case that their proposals would also address income inequality. But Paul Ryan, in a paper based largely on a CBO analysis of income trends between 1979 and 2007, has done so.

Conventional wisdom states that the economic well-being of all but the wealthiest Americans has stagnated or declined over the past twenty-five years. In Prices, Poverty, and Inequality: Why Americans Are Better Off Than You Think, Christian Broda and David E. Weinstein argue that this idea is based on misleading measurements...

The costs of free trade have been exaggerated and its benefits neglected.

The authorsreply to criticisms of our recent study about North Carolina's Anti-Predatory Lending Law reducing predatory loan terms and preserving access to credit.