Few realize how bad the federal government's finances are, because most evaluations are based on what happened in the past--not what is likely to happen in the future.

The author concludes that fiscal policy is a more potent countercyclival tool than monetary policy under flexible exchange rates.

Do saving incentives such as Individual Retirement Accounts stimulate new saving or merely reshuffle existing assets?

This book argues for greater national uniformity in state and local taxes that affect interstate commerce.

The author discusses key concepts in consumption and income taxes and identifies the problems of a transition to a consumption-based system.

In the midst of general euphoria over a new and seemingly increasing federal budget surplus,this bookoffers a guide to this new situation.