Sudden stops and reversals in capital flows are the stuff of policymakers’ nightmares. The last 20 years of research shows that the capital-inflow dilemma is not an external problem–it is an eternal one.

Capital inflow bonanzas are troublesome for advanced economies, in which they are associated with economic crises, and for emerging markets, in which they contribute to economic vulnerability.

The real question is not whether millionaires should pay more than the middle class, but whether they should pay more than they do today? Raising millionaires' taxes may seem fair--they can obviously afford to pay more. But, this policy has significant economic costs.

Newly released population estimates from the Census Bureau suggest that Americans have been moving, even in recession, away from Democratic strongholds and toward Republican turf.

2010 census reveals Texas' economy has diversified far beyond petroleum, with booming high-tech centers, major corporate headquarters and thriving small businesses. It has attracted hundreds of thousands of Americans and immigrants, high-skill as well as low-skill.

The latest census data shows that growth occurs in states where taxes are lower. Seven of the nine states that do not levy an income tax grew faster than the national average.

Twenty years from now, due to demographic pressures, Western economies will have stagnating populations, shrinking workforces, and ballooning social-spending commitments.

The large domestic outflow from coastal metropolises is disturbing, and suggests a vote of no-confidence in our formerly fastest-growing metro areas.