As the world financial system grows more complex, new screening methods must be implemented to avoid crisis.

Why are so many investors boors?

I’m not talking about a couple of bad eggs here or there.  As far as I can tell, there’s a distinctive phenotype that may not describe all investors, but certainly seems to capture far more than chance alone would dictate.

Boors, you ask? ...

Counting only current changes in revenue and not future changes in liability would land people in jail if they were working for anyone other than the government.

A system that lets participants choose between the traditional system and a lower-cost settlement paid in inflation-adjusted Treasuries could ensure the program's solvency.

This article is the first part of a two-part examination of the contentious issue of how state governments' provision of goods and services to the public should be taxed under a VAT.

Senator Carl Levin says that Facebook is exploiting a tax loophole in order to avoid paying taxes to the government. But Facebook is a textbook case of win-win-win: the company's creators get rich, society gets the benefit of an innovative communications platform, and the U.S. Treasury gets billions in new revenues.

Instead of involving the private sector, education policymakers have actually created policy and funding barriers that skew support to nonprofits and prevent for-profits from participating in programs aimed at improving teaching or learning.

Alan D. Viard, a resident scholar at AEI, reviews the budget outlook, the need for tax reform and the benefits of moving to a progressive consumption tax. He also discusses his forthcoming book, Progressive Consumption Taxation: The X Tax Revisited, which he coauthored with Robert Carroll of Ernst & Young. The book will be published by AEI Press in the Spring.