Economics

Center on Wealth & Poverty

Two Visions for the Federal Budget

Our national frustration with federal spending discussions stems from irreconcilable political debates involving figures so large that our eyes glaze over and our minds go numb. . Everyone senses that Washington’s dysfunction and denial about spending puts the country’s finances at grave risk, but few know how bad it really is. Even fewer seem to know what to do about Read More ›

Goldman Sachs, Greed and Self-Interest

On Wednesday, Greg Smith, an executive director at Goldman Sachs, announced his resignation in the pages of the New York Times. His reasoning: The company’s employees and culture have morphed into a gross entity that sidelines the interests of the client in favor of making a quick buck. By his account, Goldman Sachs’ culture has become “toxic and destructive.” Mr. Smith no longer wants to be Read More ›

Powell & Lowry: GOP Needs To Go Offense

It’s roughly half time in the primary season, and the GOP ought to start playing like a winning team, suspending negative attack ads against Republican rivals and taking an offensive position against the real opponent. Going positive with a message about saving the very programs that are dear to the Democratic Party – by aggressive action to balance government revenue Read More ›

Transit-Ferry Connections

Celia Kupersmit, Deputy CEO of Sound Transit, talks about what makes a successful integration of ground travel interface with water travel. She takes examples from the Sound as well as from her work in San Francisco. Read More ›

After Super Tuesday, GOP Should Stay Positive, Go On The Offensive

With Super Tuesday behind us, the would-be front-runner ought to pull a surprise move and just drop attack ads against party rivals. Going positive with a message to save the very programs that are supported by the base of Democrat Party—by taking aggressive steps to balance government revenues and outlays and reengineer a high-growth economy—would be a surprise reversal and Read More ›

Government Has Financial Amnesia and Denial, Too

The success of new laws and regulations is best measured by how they address and fix the core problems they are designed to solve. By this simple standard, Dodd-Frank is a failure. The regulatory paperwork for banks has nearly tripled, making the processing of loans more difficult, costly and protracted when the economy can least afford it. Banks are still Read More ›

Debating the Future of Technology: Peter Thiel and George Gilder

This article, published by The Stanford Review, discusses a talk given by Discovery Institute Senior Fellow George Gilder: George Gilder’s part of the talk offered a positive counterpoint to Thiel’s. Gilder, now age 72, described in significant detail the technological progress made since his younger years. The rest of the article can be found here.