A review of the theoretical and empirical case for disinflationary economic growth, showing that, contrary to popular wisdom, it is quite possible to have a booming economy without an acceleration in the price level.

An argument that the debate between Congress and the President over how to balance the budget is not simply irresponsible political posturing, but the result of serious and reasoned differences of opinion on the economic consequences of specific spending and tax decisions.

A contention that the federal government's deficit reduction efforts would be greatly aided by extending the Budget Enforcement Act of 1990 through 1996, maintaining distinctions among different categories of discretionary spending, and introducing caps on mandatory expenditures.

A review of the connection between labor resource utilization and the growth/unemployment correlation summarized by Okun's law, showing that the instability of that relationship, particularly over short time horizons, has important implications for monetary policy.

An argument that shifting to a privatized, funded and contribution-based Social Security system could provide undiminished benefits to current retirees while simultaneously preserving the promise of a secure retirement for today's workers and their descendants.

This paper uses a new large-scale dynamic simulation model to compare the equity, efficiency, and macroeconomic effects of five alternatives to the current U.S. federal income tax. These reforms are a proportional income tax, a proportional consumption tax, a flat tax, a flat tax with transition...