Found 23 article(s) for author 'N. Gregory Mankiw'

A Tax Cut Might Be Nice. But Remember the Deficit

A Tax Cut Might Be Nice. But Remember the Deficit. N. Gregory Mankiw, June 2, 2017, Opinion, “In the debate about federal tax policy, one question looms large: Should we have a tax cut that increases the budget deficit? President Trump says he wants “a massive tax cut … maybe the biggest tax cut we’ve ever had.” But the Senate majority leader, Mitch McConnell, who is clearly worried about the growing national debt, says tax reform “will have to be revenue-neutral.” The stage is set for another Republican showdown.” Link

Tags: , , , ,

How Best to Tax Business

How Best to Tax Business. N. Gregory Mankiw, April 23, 2017, Opinion, “The details of the tax code may not make your heart sing, but they are enormously important and, at long last, they may be changing. In fact, the next 12 months are shaping up to be a critically important time.  Despite an uneven start, tax reform is on the agenda in Congress. And the ideas being considered, especially regarding business taxation, are not mere tweaks to our ossified system. They would profoundly alter how the government raises money and upend the incentives for private decision makers. This is fascinating to tax policy nerds like me. But it is important for everyone to understand.Link

Tags: , , , , , ,

America’s Economy and the Case for Free Markets

America’s Economy and the Case for Free Markets. N. Gregory Mankiw, April 9, 2017, Video, “The Harvard economics professor on the economy and our need for free markets. Click “Show more” to view chapters. For more conversations, visit htttp://conversationswithbillkristol.org Chapter 1 (00:15 – 45:37): The State of the U.S. Economy Chapter 2 (45:37 – 1:06:03): The Case for Free Markets Greg Mankiw is a professor of economics at Harvard University and was chairman of the Council of Economic Advisers under President George W. Bush (2003-2005). In this Conversation, Mankiw analyzes the American economy and shares his perspective on current public policy debates about trade, immigration, technological innovation, jobs, and economic growth. Reflecting on the economic challenges the U.S. faces today, Mankiw makes the case for a robust commitment to free markets—both for the sake of America and for the world.Link

Tags: , , , ,

On Welfare Economics in the Principles Course

On Welfare Economics in the Principles Course. N. Gregory Mankiw, 2016, Paper, “I much enjoyed reading these articles by Steve Schmidt and Jonathan B. Wight on the normative underpinnings of how we teach introductory economics. I have long believed that teaching the fundamentals of economics to the next generation of voters is among the highest callings of our profession. It is therefore useful to regularly reflect on whether we are doing it well and how we might do it better.Link

Tags: , , ,

Why Taxing Fairly Means Not Taxing Inheritances

Why Taxing Fairly Means Not Taxing Inheritances. N. Gregory Mankiw, September 9, 2016, Opinion, “Does it make sense to tax inheritances and, if so, how much? The answer to this question is a perennial political football. President George W. Bush, to whom I was an adviser, pushed for the elimination of the estate tax. He succeeded, but only briefly. In 2001, he signed legislation that phased out the tax and eliminated it in 2010. But the tax was back in 2011.Link

Tags: , , ,

Why Voters Don’t Buy It When Economists Say Global Trade Is Good

Why Voters Don’t Buy It When Economists Say Global Trade Is Good. N. Gregory Mankiw, July 29, 2016, Opinion, “One defining characteristic of recent political debate — in the United States and abroad — is anxiety about foreigners. You see it in Donald Trump’s railing against immigrants and trade agreements. It may well be part of Hillary Clinton’s shift, under pressure from Bernie Sanders, against the Trans-Pacific Partnership, which she once embraced as “the gold standard in trade agreements to open free, transparent, fair trade.Link

Tags: , ,

One Economic Sickness, Five Diagnoses

One Economic Sickness, Five Diagnoses. N. Gregory Mankiw, June 17, 2016, Opinion. “Economists, like physicians, sometimes confront a patient with an obvious problem but no obvious diagnosis. That is precisely the situation we face right now. Let’s start with the problem. There is no simple way to gauge an economy’s health. But if you had to choose just one statistic, it would be gross domestic product. Real G.D.P. measures the total income produced within an economy, adjusted for the overall level of prices.Link

Tags: , ,

The Economy Is Rigged, and Other Campaign Myths

The Economy Is Rigged, and Other Campaign Myths. N. Gregory Mankiw, May 6, 2016, Opinion, “If you want to learn about the economy, there are good and bad places to go. Probably the worst source of reliable information is the current crop of presidential candidates. Dissembling and exaggeration are no strangers to politics, but this year’s campaigns have been particularly egregious.Link

Tags: , , ,

Economists Actually Agree on This: The Wisdom of Free Trade

Economists Actually Agree on This: The Wisdom of Free Trade. N. Gregory Mankiw, April 24, 2015, Opinion. “If Congress were to take an exam in Economics 101, would it pass? We are about to find out. The issue at hand is whether Congress will give President Obama “fast track” authority to negotiate a trade deal with our trading partners in the Pacific. The bill is favored by some congressional leaders of both parties, including Senator Orrin G. Hatch, the Republican chairman of the Finance Committee, Senator Ron Wyden, the committee’s ranking Democrat, and Representative Paul D. Ryan, the Republican chairman of the House…” Link

Tags: ,