Fulfilling the Promise of Medicare

Medicare is a program so good that it is worth improving. But powerful vested interests stand in the way of a system that could provide better coverage, more cheaply, for everyone.

Will High Interest Rates Trigger a Debt Disaster?

Big government deficits and rising debt-to-GDP ratios are triggering calls for fiscal austerity. But many fiscal hawks ignore the role that high interest plays in debt dynamics. Part of the cure, therefore, will occur as interest rates decline.

The Legacy of Henry Kissinger

Kissinger left a complex legacy, highlighted by strategic brilliance and tarnished by deep flaws. In his life’s work and actions reside important lessons for the present and future.

Is Industrial Policy Like Vitamin C or Penicillin?

Industrial policy is being resurrected worldwide, despite a mixed legacy. Yet the prevalence of market failure suggests that improving economic outcomes requires ongoing doses of effective public policy.

Later this week, US families join together for Thanksgiving. Many will return to loved ones with heavy hearts, burdened by the unending news of suffering. But there are reasons to be thankful.

Big government deficits and rising debt-to-GDP ratios are triggering calls for fiscal austerity. But many fiscal hawks ignore the role that high interest plays in debt dynamics. Part of the cure, therefore, will occur as interest rates decline.

Medicare is a program so good that it is worth improving. But powerful vested interests stand in the way of a system that could provide better coverage, more cheaply, for everyone.

Kissinger left a complex legacy, highlighted by strategic brilliance and tarnished by deep flaws. In his life’s work and actions reside important lessons for the present and future.

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