The economy bogged down at the end of 2015, raising questions about whether U.S. growth is losing momentum.
Fracking has been hailed as a revolution in the American energy field. But according to a November article in The Economist, not all are optimistic about the benefits fracking will have on the economy. Some big companies have had poor investment results, and a Goldman Sachs report predicted only a “modest [economic] boost” from shale […]
What’s the problem with subsidies and tax penalties? For one thing, they are incentives, and individuals naturally respond to incentives. Unfortunately, policymakers do not seem to grasp the unintended (or at least, hidden) incentives built into their laws—incentives that could prove counteractive to their very goals. What’s the problem with subsidies and tax penalties? For […]