The Administration’s growing gap between the newest defense strategy and budget makes more sense when viewed in the context of the administration’s domestic priorities. Just as President Obama wants to raise taxes on some Americans in order to pay for others, the administration is weakening America’s military strength in order to pay for expansive domestic federal programs.

Fundamental tax reform is the best step the government could take now to promote job growth and employment because it offers three key benefits.

Conventional wisdom holds that the Navy and Air Force escaped the budget drill mostly intact while the Army endured the bulk of cuts. But the truth is that all of the services are shrinking and aging under the Obama budget.

Guidelines are what Peter Sims seeks to provide in "Little Bets," an enthusiastic, example-rich argument for innovating in a particular way—by deliberately experimenting and taking small exploratory steps in novel directions. Some little bets will not pay off, of course, in which case little is lost; but others may pay off in big ways.

In its report released yesterday, the President's Advisory Panel on Federal Tax Reform proposed two answers to the problems of the present federal income tax code.

In some key respects the income versus consumption tax choice is simply misunderstood by many people, including sophisticated practitioners.

Democrats in Congress have asked the "Big Three" domestic automakers to provide a plan by early December that would return the auto industry to profitability.

Combining information markets with paying for performance has the potential to improve how aid is delivered.