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
Big government deficits and rising debt-to-GDP ratios are triggering calls for fiscal austerity. But many fiscal hawks ignore the role that
Kissinger left a complex legacy, highlighted by strategic brilliance and tarnished by deep flaws. In his life’s work and actions reside
Industrial policy is being resurrected worldwide, despite a mixed legacy. Yet the prevalence of market failure suggests that improving economic
A two-state solution must be bold, creative and inclusive. That does not make it impossible.
Finding a two-state, economically viable solution amid the ‘archipelago’ that is Palestinian territory will be a major challenge.
Later this week, US families join together for Thanksgiving. Many will return to loved ones with heavy hearts, burdened by the unending news
Supporters of populist parties often resent experts who believe their specialized knowledge entitles them to make major policy decisions.
More than two years after economists divided into opposing camps over the nature of the post-pandemic inflation, we now know which side was
Leading economists’ misdiagnosis of inflation in 2021-22 was the latest episode in a long-running series of failures, from not foreseeing
Complexity is common. The better we understand its sources, the better we can address its challenges.
Europe may need to follow the US and China in the deployment of an industrial strategy. It has the tools to do so.
As inflation recedes bond yields are apt to fall.
Dogs demonstrably make their owners happier. As a result, dog-owners are likely to be more productive. Doggone it!
The Fed’s tightening cycle is done. Now comes the recession, for which Wall Street, Main Street and Pennsylvania Avenue are ill prepared.
Governments are not like individuals or companies. They have far greater borrowing capacity. But limits exist. It is time to think about them.
In recent months, US bond yields have jumped. Surging government deficits are partly to blame. Will politicians respond?
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.
Between new wars, the return of nuclear brinkmanship, and threats to the US dollar, there is good reason to worry about the future of global
The post-1945 Pax Americana appears more vulnerable than ever before, and its main rivals are eager to exploit its apparent weaknesses in
The Fed is a self-described ‘data dependent’ decision-maker. But that’s not all. Its aversion to inflation risk and its abiding reliance
‘There are few mysteries left about how to mitigate climate change. The main challenge is whether the right policies can be put in place.’
‘President Xi prioritizes political control over growth. He is getting his way, for better or worse’.
The massacres of innocent Israeli men, women, and children by Hamas were monstrous acts of pure evil. How are we to understand what has happened?