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America Needs a Transcontinental Railroad
The dream of a transcontinental railway dates back to the Civil War. In 1862 President Abraham Lincoln signed the Pacific Railway Act, authorizing two railroad companies to lay tracks from the Missouri River to the Pacific Ocean. Seven years later, the project was completed when Leland Stanford joined the rails with a golden spike at Promontory Summit, Utah.
Economic Dynamism
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
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The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
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Why Can't the Middle Class Invest Like Mitt Romney?
Why can’t middle-income Americans pay effectively no taxes on investments like the wealthy do?
The Revenge of the Supply-Siders
Trump would do well to heed his supply-side advisers again and avoid the populist Keynesian shortcuts of stimulus checks or easy money.
