Iran won't even consider being reasonable until it’s afraid of us. And immediately ruling out anything but talk after every insult isn’t very scary.

We need good economics over politics, now more than ever. That means sensible tax reform, a Fed focus on maintaining liquidity, and rationalization of the European monetary system.

This book by Alan Viard and Robert Carroll proposes to completely replace the income tax system with a progressive consumption tax.

In today's global economy, countries constantly compete for corporations' research activities. U.S. tax policy lags behind many countries in attracting firms' R&D centers. With the increased mobility of research and intellectual property, this conference will focus on how countries should tax innovative, answering important questions for countries seeking to promote economic growth.

The president's actions after taking office have not matched his campaign rhetoric, as many Americans now face tax increases that will make them less likely to invest.

Many public workers are overpaid relative to their private sector counterparts, especially in large, unionized states such as Wisconsin, Ohio and California. This may sound like a controversial claim, but it shouldn't. A consensus is building about the need for reform.

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

The question remains: if Iran were about to develop nuclear weapons and America would decide to attack, where would the Europeans stand?