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Most American Households Have Tight Budgets

Congressional Republicans who favor raising taxes on the rich to reduce the deficit are harder to find these days than salad at a state fair. One argument that is commonly made is that we cannot expect...

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Money Can Buy Happiness

Apologies for missing a post last week, last week I was at the Association of Public Policy and Management (APPAM) annual meeting, and this week I am in South Africa (hopefully some comments on South...

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Has Income Inequality Really Ballooned Since the 1970s?

One of the most influential lines of research on income inequality come from Thomas Piketty and Emmanuel Saez’s study of income tax records in the United States and elsewhere. Summarizing this work in...

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