Category Archives: Economy
Lesson in Economics for the National Deficit Commission
The French statesman Georges Clemenceau famously called war “too serious a matter to entrust to military menâ€; and in the…Continue reading
Why We Learned So Little from the Collapse of Lehman…
On the second anniversary this week of Lehman Brothers’ spectacular collapse, it’s instructive — okay, frustrating and dispiriting — to see…Continue reading
Why the Value of Your House Moved Global Markets This…
This week’s housing news was a primer on globalization. U.S. existing home sales fell 27 percent in July, twice as…Continue reading
How to Remain the Number One Economy as China Ascends…
The news that China’s GDP will surpass Japan’s this year, making China the world’s number two economy, raises important issues…Continue reading
The Economy is Slowing Down – Alas, Much as We…
Recent polls have left most Democrats discouraged, even if the loss of public confidence reflects economic weaknesses largely beyond their…Continue reading
Memo to the President and other World Leaders: Resist a…
A dangerous and infectious economic idea is spreading around the world. Last week, the liberal majority in the House of…Continue reading
Some Hard Truths about Globalization and Jobs
I find myself in Stockholm, an old capital city of a small economy animated by the drive of ingenious entrepreneurs…Continue reading
Deciphering the Crisis in Greece and Its Significance for America
With the world’s stock and bond markets thoroughly roiled by Greece’s sovereign debt problems, it’s only natural to ask the…Continue reading
How Toyota and Goldman Sachs Stumbled — and We Could,…
Powerful and wildly-successful institutions sometimes act like teenagers and addicts, unable to recognize their own self-destructive behavior. This year’s top…Continue reading
A New Progressive Economic Strategy, Part 4: The Global Economy
In a global economy, even the world’s largest economy by a factor of three (that’s us, compared to Japan and…Continue reading