Automatic stabilizers are a key factor in easing the consequences of negative economic shocks. What are automatic stabilizers and how do they work? In an earlier post on this topic, Social Insurance ...

The idea of a fourth stimulus payment is more topical than ever, as the final checks from the third payment – passed as part of the Biden administration’s American Rescue Plan Act in March 2020 – are ...

As we approach sequestration today the dominant narrative continues to be that the huge run-up in the deficit since the Great Recession has been our greatest political-perhaps even a moral-failure.