Comprehensive immigration reform — rarely has a catchphrase been so widely invoked and yet so little defined. Why? If proponents of so-called reform detailed exactly what they wanted, American voters would never support their self-interested agendas. Most Americans insist that existing federal immigration laws be enforced. They are adamant that the border be shut tight […]
Whether the Affordable Care Act lives up to its name depends on how, or whether, you consider its consequences for the wider economy. Millions of people pay a significant portion of their income for health insurance so they and their families can get good health care when they need it. The magnitude of their sacrifices […]
Our economy uses a lot less labor than it did 10 years ago, and for good reason people are interested in the relative importance of supply and demand factors for explaining what happened to the quantity of labor. Naturally, a supply-demand decomposition exercise is enhanced by looking at both the quantity and price of labor, […]
The Medicare and Social Security Trustees Report came out this week, and the main story is mostly that the reported improvements to Medicare aren’t likely to materialize and Medicare and Social Security are still insolvent — in other words, without reforms, these programs simply will cease to work the way they’re supposed to in the relatively near […]
The Israeli missile-defense system known as Iron Dome once again finds itself in the international spotlight, causing many Americans to wonder if the U.S. has anything comparable. Here are a few important points about Iron Dome and missile defense in general for Americans to consider. (1) Iron Dome is a missile-defense system that intercepts short- […]