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![]() Clive CrookBloomberg |
It’s hard to think intelligently about public debt and deficits. The economics of fiscal policy is complicated and defies straightforward...
Who could deny that Joe Biden has been one of America’s most consequential presidents? His signature achievement, after all, was to get Donald Trump...
The recent surge in bond yields is directing renewed attention to America’s grim fiscal outlook. The harder you look at those numbers, the more...
No rational person would take Donald Trump’s promises to be fiscally responsible literally or seriously. His campaign commitments on taxes and...
The habits of liberal democracy are self-sustaining only up to a point. The norms of orderly government have to be practiced to retain wide...
The economic-policy consensus that prevails in the US is right about one thing. Over the course of recent decades, industrial dislocation, sluggish...
If you think that their second shocking defeat at the hands of Donald Trump – Donald Trump, for heaven’s sake – will lead Democrats to change their...
The new protectionist consensus is wrong about the results of blocking imports – about as wrong (and for roughly the same reasons) as the...
In judging Donald Trump’s policy pronouncements, voters are advised to take the former president “seriously but not literally.” There’s rarely much...
A popular rebuttal of the idea that the US ought to worry about its surging public debt is, “What about Japan?” America’s taxpayers are...
Perhaps it’s unsurprising that Donald Trump and Kamala Harris are saying nothing about the country’s biggest economic-policy challenge – namely,...
The US has rarely seemed as divided by politics. The parties’ leaders and most energetic supporters see their opponents as enemies more than fellow...
One of the most enduring fallacies in politicians’ talk about economics is the idea that trade deficits are a problem in their own right,...
Fiscal conservatism has more or less vanished from America’s political landscape. Government borrowing, despite the strong economy, continues to...
Progressive Democrats and “national conservative” Republicans are increasingly aligned on the failure of American late-stage capitalism. Real wages...