Abstract: Robert Lucas’s famous critique of macro modeling focused the attention of modelers on what he called adaptive expectations: What’s happening “now” in a model’s data space is more important than what’s happened in the past. Lucas made… Read more
Last week, President Obama said he would soon propose a set of policies that would eliminate tax breaks for businesses that move jobs overseas and reward businesses that bring jobs to the U.S. as part of his new “insourcing” agenda. If the President proposes more of… Read more
On virtually every policy issue and in most sectors of the economy, the left’s solutions call for bigger government. The clear implication of that worldview: We should trust government bureaucrats more than private individuals to innovate, create and provide prosperity and general well-being. President Obama argued in… Read more
Unemployment remains stuck at 9 percent because of low job creation, not higher job losses. In fact, job losses hit a record low in March 2011. Fewer entrepreneurs are starting new companies, and fewer business owners are expanding existing enterprises. Reduced job creation entirely explains the economy’s high… Read more
The Bureau of Labor Statistics’ September employment report finds a stalled labor market. The unemployment rate remained flat at 9.1 percent. After accounting for the end of the Verizon strike, private-sector employers created a net 92,000 new jobs. While government employment fell by 34,000 jobs, government employees continue to enjoy… Read more
The United States Postal Service (USPS) stands on the brink of financial collapse. According to the Postmaster General, by next month, USPS coffers will be down to a week’s worth of cash.[1] The government-owned enterprise barely avoided default this week when Congress extended the due date for a… Read more
Produced by the Center for Data Analysis - Delivered March 14, 2011 Abstract: Increasingly, policymakers are focused on entrepreneurial innovation as a key to unlocking… Read more
Abstract: The Obama Administration’s $862 billion stimulus bill was an expensive failure that increased the federal deficit, contributed to America’s deteriorating fiscal health, and failed to reduce unemployment. Instead of repeating this mistake, Congress should alleviate business fears and economic uncertainty by maintaining the… Read more
The Senate Committee on Small Business and Entrepreneurship November 18, 2010 My name is James Gattuso. I am a Senior Research Fellow in Regulatory Policy at The Heritage Foundation. The views I express in this testimony are… Read more
Curtis Dubay discusses Obama's business policies. … Read more
Abstract: While layoffs increased during this recession, they are not the primary cause of the nearly 10 percent unemployment rate. The main factor driving the unemployment rate so high during this recession was, and continues to… Read more
While President Obama continues traveling the U.S. heralding the passage of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act, businesses across the U.S. are growing more and more discontent—and for good reason. The new health care… Read more
Abstract: 2010 is the only year since 1916 in which heirs to an estate will not have to pay the dreaded death tax. Victory for small businesses? Not yet—due to a legal quirk, the death tax is scheduled… Read more
Abstract: The death tax: What does it kill? Who does it affect? It affects hundreds of thousands of small-business owners across the country—as well as their employees and community residents who benefit from the senior and day care centers, playgrounds, charities, and learning centers… Read more
Abstract: While layoffs increased during this recession, they are not the primary cause of the nearly 10 percent unemployment rate. The main factor driving the unemployment rate so high during this recession was, and continues to be, the… Read more
One the most troubling policies in the Patient Protection and Affordable Care Act (PPACA) is a new requirement that businesses report more information on their activities to the Internal Revenue Service. This new requirement will force businesses to divert scarce resources to complying with additional bureaucratic red tape that they… Read more
The Bureau of Labor Statistics (BLS) announced that net employment increased by 431,000 in May, and that the unemployment rate fell to 9.7 percent from 9.9 percent. While this appears to be good news, 411,000 of those new jobs are temporary government jobs associated with hiring for the decennial census.… Read more
More than 15 months after the Obama administration lifted its ban on offshore drilling in the Gulf of Mexico, oil and...… Read more
Clearly, the impact of President Obama’s proposal to consolidate parts of six trade agencies is tiny in comparison to...… Read more
Small businesses that are important to the safety and security of the nation are being gravely threatened by deep...… Read more
Scribe reported last week on the extensive damage to small businesses wrought by the "Occupy" protests being staged...… Read more
The Small Business Lending Fund was cleverly named by its authors last Congress. Since its implementation, however, it...… Read more
Camping out for nearly a month, yelling, chanting, and painting signs is apparently some people’s idea of a good time....… Read more
[caption id="attachment_76667" align="alignnone" width="600" caption="An iPad displays a picture of Steve Jobs at an...… Read more
Over the past several weeks, America has seen on grand display in Washington a singular mindset emanating from the White...… Read more
The jobless rate in America hovers at 9.1 percent. The national debt ticks upwards of $14.3 trillion and small...… Read more
Tuesday’s deadline for retailers to dispose of any unsold cribs has come and gone, but won’t soon be forgotten....… Read more