government
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Executive Power Play: Trump and the Return of Impoundment
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Within the deluge of policies coming out of the second Trump administration, impoundment has resurfaced as a battleground between legislative and executive power. Impoundment is a practice in which the President can refuse to spend federal funds appropriated by Congress. Those who support the restoration of this practice see it…
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In Pursuit of the Limping Truth
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“Falsehood flies, and the truth comes limping after it,” Jonathan Swift remarked over three centuries ago. Today, in an era of instant communication, this observation is more relevant than ever. Social media platforms have revolutionized access to information but have also become vectors for misinformation and disinformation, allowing falsehoods to…
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From Gang Rule to Iron Fist: Questioning Progress in Bukele’s El Salvador
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Significant sums from a secret government fund? CHECK. Calling for occupation of the Legislature by security forces? CHECK. Intimidation of local journalists using death threats and imprisonment? CHECK. Nayib Bukele’s reign as president of El Salvador has exhibited all the fixings of an authoritarian regime. Embracing this image, Bukele openly…
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Influencing Innovation: Government’s Role in Subsidizing R&D
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Firms often underinvest in research and development (R&D) when there is no government intervention. There are many uncertainties and risks that discourage firms from investing in R&D, which slows the pace of innovation. To address this problem, governments can provide firms with subsidies to incentivize new product creation or improve…
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Why Passing the State Budget on Time is a Must for Stabilizing Market Conditions
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The authors of a study analyzing state budgets find that the lack of fiscal governance, defined as enacting a budget on time, causes variation in general obligation bond yield spreads for state issuers.
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Creating Self-Enforcing Democracy: Fraud, Protest, and the Role of International Observers
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The presence of international elections observers may discourage both election fraud and “sore loser” protests.
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Reaping the Dividends of Development: UNDP in Post-Conflict Nations
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UNDP’s Eugenia Piza-Lopez and Jago Salmon discuss the organization’s strategy in nations struggling to rebuild after conflict
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The Pursuit of Efficiency: An Interview with Dan Tangherlini
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The Acting Administrator of the U.S. General Services Administration discusses agency reform