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Economic Policy

Big picture coverage of macroeconomics, political economy, and governments' roles in world commerce.
16 Tons of Keynesian Economics Arnold Kling 01/22/2013
As the old song goes, after 16 tons of Keynesian economics, all we have to show for it is that we are deeper in debt.
How Economic Nationalism Bites Back Edward Tenner 01/17/2013
History suggests protectionism has many more failures than successes.
Angela Merkel’s Cypriot Headache Desmond Lachman 01/16/2013
German Chancellor Merkel will want a quick resolution of the Cypriot economic and financial crisis so that a bailout does not become a domestic political issue ahead of her reelection bid.
Grand Old Party Poopers Steve Conover 01/15/2013
The GOP’s contemporary message condenses down to the antithesis of Reagan’s: ‘It’s evening in America; the end is near.’
Platinum Problems Michael R. Strain 01/12/2013
With all the serious unknowns, minting a $1 trillion platinum coin seems an act of hubris.
Central Bank Dreams, Monetary Realities Alex J. Pollock 01/08/2013
The legislative creators of the Fed would be surprised to discover that the Fed today is one of the biggest owners of real estate loans, with more than $900 billion of mortgage-backed securities on its books.
We Are the 98 Percent Cliff Asness 01/07/2013
The only way to finance a big European-style state is to have it paid for by massive taxation of everyone, mostly the middle class. Right now, we are avoiding honest debate on this fact.
How to Reduce the Debt Burden for Future Generations Steve Conover 01/03/2013
Our grandkids are destined to inherit double-digit trillions in federal debt from us. But that might not be much of a burden to them at all — if we start paying attention to the right things today.
No Easing in the European Crisis Desmond Lachman 01/02/2013
Far from fading, it is all too probable that the European crisis will intensify over the course of the coming year.
What Would Churchill Do? Arnold Kling 12/21/2012
November 6 was an electoral setback dealt to those of us who believe in capitalism and limited government. What can we learn from Churchill, who was no stranger to setbacks?
 
AEI