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Opinion

Like Three Bears, This Chair Wants No Surprises

When outgoing Chair Alan Greenspan's last term ends, after 18-plus years, the Fed will not only experience new leadership, but a shift in emphasis. Will the change make much difference? Incoming Fed Chair Ben Bernanke favors a policy of maintaining low inflation rates. Seems subtle, but it's a real difference.

Dr. Karen Y. Palasek

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Opinion

Proven Strategies for Budget Reconciliation

LOS ANGELES, CA — This November, Coloradoans will make a critical decision about the future fiscal responsibility and tax policy in their state. Colorado, through its Taxpayer’s Bill of Rights (TABOR), has emerged as one of the leaders in cutting taxes and restraining the growth of government that has nearly bankrupted many other states—returning $3.25 billion to taxpayers between 1997 and 2001. As a result, half of the states in the nation have followed its lead and introduced similar measures.

Chad Adams