On the occasion of the Biden administration announcing its $500 billion “forgiveness” of student loan debt, IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews discuss the origin and causes of the student loan problem, whether it’s as big of a problem as claimed, why “forgiveness” involves a truckload of moral hazard, and how we would address the problem of skyrocketing college tuition and debt.
Fossil fuels are naturally energy dense, can be relatively easily transported, and can be stored indefinitely for future use. These three characteristics are why the world’s economy migrated to fossil fuels as soon as they were discovered, and it’s why any transition to renewable energy sources faces these three challenges, because most renewables are not energy dense, cannot be easily transported, and cannot be stored indefinitely for future use. With former CFO of Vine Energy Wayne Stoltenberg, IPI Resident Scholar Dr. Merrill Matthews, and IPI President Tom Giovanetti.
Lots of chatter lately about supply chain problems, so the Institute for Policy Innovation is proud to host Research Fellow Prof. Daniel Ogden, (among other things) Adjunct Instructor of International Business at Baylor University, to explain the basics. In conversation with IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews.
In this episode, IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews discuss the various definitions of recession, what causes recessions, what’s the harm of recession, and are there any possible silver linings to a recession? Are recessions always unintentional, or are they sometimes intentional?
One thing the Obama administration got right was shifting NASA’s space program toward reliance on private space launch providers, which has led to an environment of much more rapid innovation, lower costs to taxpayers, and the emergence of multiple competing providers. IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews discuss how the private space revolution is yet another example of how the private sector does things better, faster, and cheaper.
IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews explain why inflation can result in taxes paid on false gains because capital gains tax rates and other taxes on assets are not indexed for inflation, and that income tax brackets in many states are also not indexed for inflation.
When a politician talks about “cutting taxes,” what does she mean? Usually, she means reducing marginal tax rates, but what are those? And what’s the difference between marginal tax rates, effective tax rates, average tax rates, and tax revenue? Does raising marginal tax rates automatically raise tax revenues? IPI President Tom Giovanetti explains, with the able assistance of Resident Scholar Dr. Merrill Matthews.
To what degree does the Federal Reserve control interest rates on home mortgages, credit cards and bank savings accounts? Why does the Federal Reserve raise or lower rates? And what rate does the Federal Reserve actually control? The basics of Federal Reserve action with IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews.
No, not fashion modelling or Instagram modelling, though we’re sure there are perils and pitfalls there, too. This episode is about using mathematical models and computers to try to predict outcomes. Riffing off of IPI’s experience and knowledge of economic modelling, IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews draw some conclusions about climate change modelling as well. Hint: Models are just not very accurate.
When you hear a president say “If Congress Won’t Act, I will,” red flags should go off in your head. That’s because when Congress does not legislate, that is Congress CHOOSING to not legislate. Congress choosing to do nothing is just as important, if not more important, than Congress choosing to do something. Or so it seems to IPI President Tom Giovanetti and Resident Scholar Dr. Merrill Matthews.