If a narco-state or violent crackdown emerges in Venezuela, the White House will no longer be able to avert its attention from the mess or to ‘lead from behind.'

At this event, Alan Viard will present the X tax proposal while James Mackie of the U.S. Department of the Treasury and Chris Edwards of the Cato Institute will offer commentary.

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

In the coming confused days, the United States and South Korea should make clear to Pyongyang’s diplomats that no destabilizing actions will be tolerated and that the two will act to protect their joint interests and uphold peace on the peninsula and in the region, including Japan.

The White House hopes that a smooth transition will help them to begin drawing down American forces this summer and end the foreign combat mission in Afghanistan by 2014. But the withdrawal begins at a time when security is worse than it has been in nine years.

Secretary of Defense Leon Panetta announced a new timeline for American combat operations in Afghanistan—or did he?

Government sponsored enterprises could be reformed using a specific plan that ensures the availability of mortgage financing while focusing the government on its relative strengths of providing a backstop against financial catastrophes and directing appropriate subsidies for affordable housing.

In his April Economic Outlook, American Enterprise Institute (AEI) economist John Makin assesses the risks the world faces as a result of China’s slowing economy. With the coming transition in Chinese leadership, it is unlikely that the world's second largest economy will alter its policies to stimulate growth. As a result, the whole world may feel China's pain.