Realization-based capital income taxation generates capital lock-in because investors have an incentive to delay tax payments. This generates inefficiency as in

This July I am riding 321 miles from Cleveland to Cincinnati with 2 other people to raise money for Gigi's Playhouse Cleveland in memory of my Aunt, Amy Jo Smith. Biking and Amy: Two of Amy's great...

YouTube video by NBER

Copenhagen is expected to receive 30% more rainfall by the end of the century. The city is responding with a massive long-term adaptation plan.

Trillions estimated to be added to a federal debt that’s already unsustainable.

(Forthcoming Article) - This paper documents an increase in concentration of household shopping in the US retail sector from 2004-2019. Despite a growing number of stores, households visit fewer store...

Time to call crypto what it is: A criminal enterprise