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In 2008, U.S. academic economists distinguished themselves by failing to anticipate the U.S. housing and credit market bust that led to the Great Economic...
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In 2008, U.S. academic economists distinguished themselves by failing to anticipate the U.S. housing and credit market bust that led to the Great Economic...
A specter is now haunting the emerging market economies. It is the specter of U.S. economic overheating that will raise interest rates and provoke...
Judging by Fed Chief Jerome Powell’s recent pronouncements, today’s slightly higher than expected consumer price inflation numbers are almost certain to be dismissed by...
President Joe Biden signed the American Rescue Plan Act of 2021 in early March. The first major piece of legislation to pass in the...
Today’s blowout job numbers are wonderful news for the U.S. economy. They suggest that, even before President Biden’s massive budget stimulus took effect, the...
President Trump approved $900 billion in stimulus spending in December and President Biden approved another $1.9 trillion in March. Biden is set to propose...
Anyone who thinks that we are not on the road to another round of the Eurozone debt crisis has not been paying attention to...
Three years after the Tax Cuts and Jobs Act took effect, Democrats in Congress are ready to roll back some of the most critical reforms. The...
After a lifetime studying monetary policy, Milton Friedman famously concluded that inflation was always and everywhere a monetary phenomenon. He also concluded that monetary...
Monetary policy can only do so much: it cannot permanently increase the wealth of a nation. That is the lesson from economic history. In...