The current financial crisis in Europe provides a unique update to Lenin’s dictum that nothing so destabilizes a country as a run on its currency. In today’s EU, nothing so destabilizes a currency union as a flight from a member’s sovereign debt...

Nobel Laureate Robert Lucas says reform would deliver great benefits at little cost, making it "the largest genuinely true free lunch I have seen...'

This house believes that GDP growth is a poor measure of improving living standards...

With the American and global economies in the early stages of post-recession recovery, serious questions remain about that recovery’s strength and sustainability. . . .

Debt-to-GDP ratios over 90% have significant impact on the pace of economic growth. . . .

Sub-national governments – states, countries, cities, provinces, towns, and special districts – play different roles from country to country, but usually deliver important public services such as police and fire protection, transportation, education, health care, and welfare. . . .

If a CEO issued the kind of distorted figures put out by politicians and scientists, he'd wind up in prison. . . .

One of the worst official responses to the financial crisis and recession has been the revival of “industrial policy.” . . .

While the economy has finally started to grow, the disturbingly high unemployment rate is increasing pressure from the left to double down on this year's poorly designed fiscal stimulus bill. . . .

For many decades California residents enjoyed a rising standard of living, an outstanding education system, and unprecedented upward mobility...

As economies around the world return to growth after the deepest recession in a generation, renewed attention is being paid to enormous fiscal deficits and vast expansions of government debt...

Early signs of a manufacturing rebound, already strong in Asia, lend hope for some modest recovery from today’s deep global recession...

While strong recoveries sometimes follow deep recessions, historically recoveries following financial crises have been slow and painful...

It is still too soon to gauge the full economic impact of President Barack Obama's implemented and proposed policies, but a preliminary read indicates limited short-term benefit at large long-term cost...

The House and Senate are preparing to pass President Barack Obama's radical budget blueprint, with only minor modifications, by using (abusing would be more accurate) the budget "reconciliation" process...

With the global economy mired in recession and financial crisis, policymakers everywhere have launched a series of monetary, financial, and fiscal responses...

It's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis...

The beginning of 2009 will long be remembered for terrible economic news and controversial economic policy in virtually every country...

With the U.S. (and global) economy contracting at the steepest pace since 1982, we need a clear and coherent policy response rooted in a sound analysis of how we got to this dreadful place...

I remember taking a group of business leaders to see President George H. W. Bush in early 1991 to impress upon him the severity of the economic downturn...

With their economies in recession and a credit crunch steepening the slide, policy makers around the world race to contain the damage...

As economists, we write to support the plan before Congress dealing with the financial crisis...

In my July 29 op-ed ("Obamanomics Is a Recipe for Recession1"), I was among the many who took Barack Obama's statements that he would "end the Bush tax cuts for the top incomes" too literally...

What if I told you that a prominent global political figure in recent months has proposed: abrogating key features of his government's contracts with energy companies; unilaterally renegotiating his country's international economic treaties; dramatically raising marginal tax rates on the "rich" to levels not seen in his country in three decades (which would make them among the highest in the world); and changing his country's social insurance system into explicit welfare by severing the link between taxes and benefits?...

A successful society needs a government that performs essential functions well, not a bloated bureaucracy trying to be all things to all people...

Six years into expansion following the 2001 recession, the post-Y2K collapse of the stock-market bubble and the terrorist attacks of Sept. 11, 2001, the economy is sharply slowing...

Proposition 82, which would tax "the rich" to finance universal preschool for 4-year-olds, is deceptively appealing…

Stanford’s Boskin, Dirk Hoffmann-Becking: On the Economy...

Discussing alternative stimulus plans, with Michael Boskin, Stanford University and Steve Moore, The Wall Street Journal. . . .

A House committee is planning to put Treasury Secretary Tim Geithner on the hot seat over his role in keeping certain information secret about the bailout of AIG. . . .

Rising consumer prices are raising Americans' cost of living, adding to economic woes, according to a new economic report...

President George W. Bush offered reassurances on Tuesday that the United States economy is "basically sound," and not about to collapse...

The publisher of the teen-oriented virtual world Gaia Online announced Monday that it is bringing on celebrated economist Michael Boskin to lead its new Council of Economic Advisors...