Studies of U.S. wage and income inequality since 1980 have engendered the common wisdom that the rich are getting richer and the poor are getting poorer. But is it really that simple?

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."

The predicted probability of starting a business is 25 percent higher in states with higher bankruptcy exemptions than their neighbors relative to states with lower exemptions than their neighbors.

Clinton and Obama supporters criticize the Bush tax cuts, but with little economic support.

Low grading standards in university education departments will negatively affect the accumulation of skills for prospective teachers and contribute to a larger culture of low standards for educators.

Christopher DeMuth introduces the 2009 Irving Kristol Lecture by Charles Murray.

An AEI studydemonstrates that many economists' pessimistic view of social welfare in the United States is unwarranted and questions the case for changes in policies that are predicated on a declining or stagnant standard of living.