Karl W. Smith

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The Trump Tax Cuts Were Neither Panacea Nor Rip-Off

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The breaks are due to expire in 2025. Reversing the benefits given to businesses is the last thing lawmakers should do.

Raising Social Security's Retirement Age Is The Least Bad Option

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Facing a $150 billion shortfall this year alone, the program requires radical measures to shore it up.

Another Trade War With China Would Be A Fiscal Disaster

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Higher tariffs would not only wreck the U.S. economy, they would also devastate the federal budget.

Guaranteed Income Plans Only Work in Studies--So Far

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Too many experiments in paying struggling households a set stipend are too short.

What Recession? It's Looking Increasingly Unlikely

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There is little reason to expect a slowdown in the US economy this year, if at all.

Saving Medicare Will Never Be Easier Than It Is Right Now

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The mysterious slowdown of U.S. healthcare costs offers a rare opportunity to close the program's long-term funding gap.

Republican Tax Proposals Aren't As Bonkers As They Sound

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A flat levy on consumption is a good starting point if the goal is to shrink the budget deficit.

The Fed Has A Secret Weapon In Households

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A record number of people are living rent-free with friends or family. That's great for fighting inflation.

No, Inflation Is Not Actually Lower Than The Government Says

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The U.S. economy is looking increasingly gloomy, despite the many valiant attempts to argue otherwise.

Inflation? There's Another Explanation For Rising Housing Costs

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The housing market could be on the cusp of a fundamental shift with long-lasting implications for the U.S. economy.

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