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Recent Articles
- Obama's Malpractice - November 16, 2009
- WASHINGTON -- There is an air of absurdity to what is mistakenly called "health care reform." Everyone knows that the United States faces massive governmental budget...
- The Next Big Bubble? - November 9, 2009
- WASHINGTON -- When Nouriel Roubini talks, the world listens. Roubini is, of course, the once-obscure New York University economist whose dire warnings about a financial...
- Up Against a Wall of Debt - November 2, 2009
- WASHINGTON -- The idea that the government of a major advanced country would default on its debt -- that is, tell lenders that it won't repay them all they're owed --...
- The 'Public Plan' Delusion - October 26, 2009
- WASHINGTON -- In the health care debate, the "public plan" is all things to all people. For supporters, it would discipline greedy private insurers and make health...
- Restarting the Job Machine - October 19, 2009
- WASHINGTON -- What can government do to crank up America's creaky job machine? We'll be arguing ferociously about that in coming months, and the answer, frankly, isn't...
- A Path to Downward Mobility - October 12, 2009
- WASHINGTON -- Every generation of Americans should live better than its predecessor. That's Americans' core definition of economic "progress." But for today's young, it...
- Escaping Depression 2.0 - October 5, 2009
- WASHINGTON -- How close did we come to the Great Depression 2.0? That question will spawn a cottage industry of books, studies and conferences. But Christina Romer, the...
- An Exercise in Ego Gratification - September 28, 2009
- WASHINGTON -- What's driving the great health debate of 2009 is not a popular clamor for universal insurance. "Many Americans are balking again at the prospect of health...
- China's Predatory Trade - September 21, 2009
- WASHINGTON -- For years, American presidents have faced a China conundrum: How to deal with a country that practices predatory trade without unleashing global...
- The Candor Gap - September 14, 2009
- WASHINGTON -- We cannot, it seems, have a candid national conversation on health care. President's Obama speech the other night was a brilliant performance, and it may...
- A Somber Labor Day - September 7, 2009
- WASHINGTON -- The first Labor Day, held in New York City in 1882, was less a celebration of the dignity of work than a demonstration in favor of the eight-hour day,...
- Politicians Duck Hard Choices on Deficit - August 31, 2009
- WASHINGTON -- The problem of the burgeoning government debt is mainly political, but the adverse consequences may be economic. The trouble is that we don't know what...
- The Man Who Saved the World - August 26, 2009
- WASHINGTON -- It would have been insane (not to be too subtle) for President Obama not to nominate Ben Bernanke to a second term as chairman of the Federal Reserve...
- High-Speed Boondoggle - August 24, 2009
- WASHINGTON -- The Obama administration's enthusiasm for high-speed rail is a dispiriting example of government's inability to learn from past mistakes. Since 1971, the...
- Will Recovery Go Global? - August 17, 2009
- WASHINGTON -- Before we get too giddy about any U.S. economic "recovery," we should remember that the preceding economic collapse was global. No recovery can succeed...
- Obama's Health Care Will Make It Worse - August 10, 2009
- "The status quo is unsustainable for families, businesses and government." -- President Obama, June 13 WASHINGTON -- One of the bewildering ironies of the health care...
- California's Reckoning and Ours - August 3, 2009
- WASHINGTON -- California's budget debacle holds a lesson for America, but one we will probably ignore. It's easy to attribute the state's protracted budget stalemate,...
- Obama's Misleading Medicine - July 27, 2009
- WASHINGTON -- The most misused word in the health care debate is "reform." Everyone wants "reform," but what constitutes "reform" is another matter. If you listen to...
- The Squandered Stimulus - July 20, 2009
- WASHINGTON -- It's not surprising that the much-ballyhooed "economic stimulus" hasn't done much stimulating. President Obama and his aides argue that it's too early to...
- The Consequences of Big Government - July 13, 2009
- WASHINGTON -- The question that President Obama ought to be asking -- that we all should be asking -- is this: How big a government do we want? Without anyone much...
- Economists, Out To Lunch - July 6, 2009
- WASHINGTON -- Niall Ferguson is one of those rare characters: a respected scholar who's also a successful popularizer. Ferguson, a Brit, has taught at Oxford, New York...
- Panics 'R' Us! - June 29, 2009
- WASHINGTON -- Since its earliest days, the United States has suffered periodic financial crises. The first dates to 1792. In the 19th century, bank panics occurred...
- Our Sinking Welfare State - June 22, 2009
- WASHINGTON -- Raised in an individualistic culture, Americans dislike the concept of the "welfare state" and do not use the term. But make no mistake, the United States...
- Naive, Hypocritical and Dishonest - June 15, 2009
- WASHINGTON -- It's hard to know whether President Obama's health care "reform" is naive, hypocritical or simply dishonest. Probably all three. The president keeps...
- Inflation, Deflation--or Both? - June 8, 2009
- WASHINGTON -- To make sense of today's most perplexing economic debate -- whether we're flirting with inflation or deflation -- it's worth recalling what happened after...
- The Obama Infatuation - June 1, 2009
- WASHINGTON -- The Obama infatuation is a great unreported story of our time. Has any recent president basked in so much favorable media coverage? Well, maybe John...
- The Bankruptcies We Need - May 25, 2009
- WASHINGTON -- When the trustees of Social Security and Medicare recently reported on the economic status of these programs, the news coverage was universally glum. The...
- Obama's Dangerous Debt - May 18, 2009
- WASHINGTON -- Just how much government debt does a president have to endorse before he's labeled "irresponsible"? Well, apparently much more than the massive amounts...
- The Great Tax Dodge Demystified - May 11, 2009
- "(The U.S. tax code is) full of corporate loopholes that makes it perfectly legal for companies to avoid paying their fair share." -- President Barack Obama, May...
- The Bias Against Oil and Gas - May 4, 2009
- WASHINGTON -- Considering the brutal recession, you'd expect the Obama administration to be obsessed with creating jobs. And so it is, say the president and his...
- Selling the Green Economy - April 27, 2009
- WASHINGTON -- Few things are more appealing in politics than something for nothing. As Congress begins considering anti-global warming legislation, environmentalists...
- Our Depression Obsession - April 20, 2009
- WASHINGTON -- The Great Depression of the 1930s was the most momentous economic event of the 20th century. It was a proximate cause of World War II, having fed the...
- Obama's Economic Mirage - April 13, 2009
- What Obama proposes is a "post-material economy." He would de-emphasize the production of ever-more private goods and services, harnessing the economy to achieve broad...
- A Global Free-For-All? - April 6, 2009
- It may surprise Americans that, up to a point, his analysis is correct. The dollarized world economy developed huge instabilities -- vast trade imbalances (American...
- Uncle Sam's Hedge Fund - March 30, 2009
- But succeed or fail, Geithner's plan illuminates a fascinating irony. "Leverage" -- borrowing -- helped create this mess. Now it's expected to get us out. How can...
- Can American Capitalism Survive? - March 23, 2009
- Almost everything about Schumpeter's diagnosis rings true with the glaring exception of his conclusion. American capitalism has flourished despite being subjected...
- The Shadow of Depression - March 16, 2009
- What's more, the Depression changed our thinking and institutions. The human misery of economic turmoil has diminished. "American workers (in the 1930s) had...
- Obama is a Great Pretender - March 9, 2009
- With today's depressed economy, big deficits are unavoidable for some years. But let's assume that Obama wins re-election. By his last year, 2016, the economy...
- Wrong Turn on Housing - March 2, 2009
- Housing's distress is too much supply chasing too little demand. Huge inventories of unsold homes have depressed prices and construction. Given that prices rose too...
- Obama's Stimulus: A Colossal Waste? - February 23, 2009
- His politics compromise the program's economics. Look at the numbers. The Congressional Budget Office (CBO) estimates that about $200 billion will be spent in 2011...