It’s America’s largest and most endangered health insurance program. Changes that give consumers more say—like the new Part D drug benefit—are helpful, but we’ll have to make tough trade-offs in the years ahead.
Beyond myth and emotion, here’s the truth about our trade deficit. It’s big, but it’s not necessarily bad. In fact, it may be helping us live better, now and in the future. Economists Chad P. Bown and Rachel McCulloch explain.