University of Wisconsin–Madison

GENIUS Act: An Approach to the U.S. Fiscal Deficit

By Junius Lee | ShoQs 2026 You have probably heard of the fiscal deficit problem, and people making huge profits by  investing in crypto. But few people would have ever linked the two. The recently passed  GENIUS Act aims to address the fiscal deficit issue with a dollar-based stablecoin. By requiring  that the each issued …

Death Taxes: Is Raising the Exemption Bar Bad?

By Taehun Kim | ShoQs 2026 Death taxes often refer to taxes paid following a person’s demise, including estate taxes paid by the deceased’s estate, or succession taxes paid by the heirs. Recently, the legislature of the United States has been moving towards increasing the exemption amount for federal estate taxes, first through the Tax …

Municipal Incentives and School Funding: A Closer Look at a Valuable NJ Tool

Online Journal | Matthew Hummell | February 2026 There is nothing more economically gratifying for a town than its own development. When the prospect of growth comes knocking at that “welcome” sign, municipalities understandably leap at the chance. Newspapers and political networks celebrate revitalized downtowns and rising property values, but beneath the balloons floating at …

The Cost of Life: The Economic Impacts of the Death Penalty

Benjie Harthun | Spring 2025   Is death cruel and unusual? The constitutionality of the death penalty has been a highly contentious issue in the American legal system for most of the country’s history. The idea of death as punishment for a crime has existed for multiple millennia. However, politicians and the general public still …

The Future of Industrial Policy: A Greener Way

Ahmad Hazim bin Khairul | Spring 2025 Is a Small Country Scalable?  The world economy is approximately $106.17 trillion in size, with ASEAN (Southeastern  Asian Nations) contributing roughly $3.8 trillion, which is only 3.6% of world GDP. In  comparison, China alone accounts for almost 18% of world GDP, while the U.S. is  responsible for approximately …

Hello AI, Goodbye Jobs?

Charlotte Vigy | Spring 2025   In 1996, a computer defeated a world chess champion for the first time. Now, computers seem to be beating humans in most everyday tasks. AI, what once seemed like a futuristic idea, is now an integral part of daily life. While it is a useful tool that answers any …

Before You Cheer: What You Should Know About “No Tax on Tips” Act

Jessie Chen | Spring 2025   The “No Tax on Tips” proposal has gained considerable attention during the election. It was embraced by both presidential candidates, particularly as a strategy to win Nevada, a swing state with the highest proportion of tipped workers (Bell 2024). After the bill was introduced in the House of Representatives, …

The Funeral of the Penny: America’s Bipartisan Farewell

Valery Vayserberg | Spring 2025   One of the hottest topics on the minds of Americans is the budget deficit of the United States. In 2024, the deficit was a whopping $1.83 trillion, bringing the nation’s debt to nearly $36.5 trillion. There has been a renewed energy of the current administration to reduce government spending …

From Medals to Markets: The Economic Impact of the Summer Olympic Games on Host Nations and Athletes

Brad Huseby | Spring 2025   Every four years, the world comes together to watch the Summer Olympics. While these games are a spectacle with flashy new stadiums, newly designed medals, and a captivating opening ceremony, the profitability of the games is not always discussed. These summer games are anything but cheap to host. Hosting …

Tariffs: Winners, Losers, and Casualties

William Spahn | Spring 2025   What actually is a tariff? Millions of Americans asked themselves that same question in the runup to the 2024 Presidential election. In recent years, there has been much debate about U.S. trade policy and tariff policy in particular. According to Google Search trends, the topic “Tariff” surged by a …