This election season in the United States has brought forth many bad policy proposals.
The Dangers of a US Capital Inflow Tax
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Are the Kids All Right?
The threat for democracy comes from an unexpected source: the young.
Central Banks’ New-Old Inflationary Bias
While rules-based monetary policy thrived when globalization put downward pressure on inflation, the COVID-19 pandemic has revived central
Crunch Time for the Power Sector
The grid is long overdue an upgrade. Doing so requires a public-private enterprise.
Why Voters Are Unhappy About the Biden Economy
Polls indicate voters are unhappy with the US economy. Things may not be as good as the data suggest, though voter misperceptions are also
Where Have You Gone, Immanuel Kant?
On the occasion of his 300th birthday, the West could do well to recall the moral philosophy of Immanuel Kant, above all his emphasis on the
The Hidden Costs of “Slowbalization”
De-globalization will exact a lasting cost on global welfare.
Why Have Inflation Forecasts Been So Wrong?
To explain why forecasters at the US Federal Reserve and other major institutions missed the mark on inflation in recent years, it is tempting
The US and China Are Not Destined for War
Given the rising tension between the United States and China, the Jackson Hole Economics editors felt it was worth re-visiting this piece,
The Big Push African Women Need to Escape Poverty
Investing in women makes a difference. Africa provides the example.
The Submergence of Emerging Markets
Despite what many think, the world as a whole has become vastly more equal, thanks to decades of rapid growth in China, India, and other emerging
The Fiscal State of the Union
If political leaders in the US don’t tackle both structural fiscal adjustment and tax reform, 2025 will be a year of reckoning.
America’s Steel Madness
Economic common sense is too often sacrificed for political expediency. Steel may be the next such case.
Credit Bidenomics for Rising US Wages
After five decades of widening inequality and stagnant pay, low- and middle-income workers in the United States experienced a significant
Germany’s Dangerous Alternatives
The breakdown of Germany’s postwar centrist political consensus poses risks for Germany and Europe. Elections this year could not be more
Loosening the Threads of Anti-Immigrant Bias
Educating young people to thrive in increasingly diverse schools requires reimagining how we build a shared sense of belonging among youth.
How Fiscal is the Fed?
Central bank independence is considered essential for the effective conduct of monetary policy. But has that independence been compromised
The Pillars of Green Wisdom
We must not allow the ongoing war in Ukraine and the fighting in Gaza to distract us from collective efforts to reduce our greenhouse-gas
AI’s Copyright Problem Is Fixable
Contrary to what leading tech companies claim, it is entirely possible to ensure that generative AI models respect copyright and compensate
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
The Two-State, Two-Economy Solution
Finding a two-state, economically viable solution amid the ‘archipelago’ that is Palestinian territory will be a major challenge.
Rebuilding Trust in Expertise
Supporters of populist parties often resent experts who believe their specialized knowledge entitles them to make major policy decisions.
A Teaching Moment
Complexity is common. The better we understand its sources, the better we can address its challenges.
Crime and Politics in 2024
A year from now Americans will be heading to the polls to select their next President, and crime will be one of the key issues.