What powers should belong to the Federal Reserve?

This nation employs several methods for taxing capital income, both at the individual and the corporate level.  There is a massive economic literature that documents strong theoretical and empirical support for the United States to reduce its capital taxes

The common-sense use of the term "addiction" is that regular consumption is irresistible and that it creates problems. Caffeine use does not fit this profile.

The following is a letter to the editor in response to an April 8 op-ed in The Financial Times on the possibility of countries opting to leave the eurozone.

The literature is clear: spending cuts, not tax increases, are more likely to succeed in reducing deficits and debt and are more friendly to economic growth.

A new study in the Journal of the American Medical Association has concluded that there's an extra 13 auto accident deaths attributable to Income Tax Day (i.e., generally April 15, but which falls on April 17 this year). This is a drop in the bucket compared to the actual carnage that might be reasonably attributed to paying taxes in America.

The liberal critics of Republicans want the GOP to behave itself and go back to the good old days best described by Eugene McCarthy’s quip that the chief purpose of moderate Republicans is to shoot the wounded after the battle is over. No thanks.

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."