On Wednesday 8, 2012, the House Committee on Ways and Means held a testimony on "The Interaction of Tax and Financial Accounting on Tax Reform." Here, Aparna Mathur contributes to their discussion.  

No government of any constitution or party, once it has established a fiat currency regime, can resist using the implicit tax of inflation to enhance its spending, activity and power.

We simply have to face the fact that banking is fundamentally risky. As I decided long ago when working in banks, the reason we needed to wear dark suits and have classic buildings was to look conservative in order to offset the real riskiness of what we were doing. 

Today, American Enterprise Institute (AEI) economist and tax expert Alex Brill released a pro-growth, progressive, and practical tax reform proposal. Brill explains that six simple changes to the tax code can create an economic environment that improves our global competitiveness.

Tax Analysts' Martin A. Sullivan recently sat down with Alex Brill, a research fellow at the American Enterprise Institute, to discuss his tax reform plan, which he hopes can win bipartisan support.

Krishna Guha's article paints too pessimistic a long-term outlook for the U.S. dollar by not focusing on the basic fact that, for there to be a major further U.S. dollar depreciation, the dollar would need to depreciate substantially against the euro and the yen.

Tax reform perpetually tops policymakers' lists for ways to grow the economy, but a generation has passed since the last successful effort, the Tax Reform Act of 1986. This is because of a simple political reality-it's hard. But not, I believe, impossible.

It is a mistake to think that the housing market slumpwill permanently improve the U.S. current account deficit.