The main story of unions during the past half-century in the United States is the sharp decline in union membership to only 7% of private sector workers, and the equally sharp growth of union membership to 36% of all government employees...
The president speaks tomorrow on Libya...But there are existential problems with Libya that will have to be addressed, whether Obama chooses to or not...
Monetary policy rules can be used both for prescriptive and descriptive purposes, but it’s important to be clear about which purpose one has in mind...
The dubious received wisdom rationalizing our current intervention in Libya was crystallized in Senator John Kerry’s recent essay...Apparently, many in Egypt didn’t get Kerry’s idealistic memo...
One of the things I like most about blogging is that I can post from anywhere in the world—Tokyo, Milan, Washington—not just from my home or office at Stanford. Well not exactly...
A powerful Cabinet secretary had made a shocking mistake during a national crisis that demanded he display calm and command. The inside story of that moment, however, is both more mundane and more worrisome...
One gets the impression that the crisis has triggered a response that it should trigger, and we have embarked on a path of rethinking conceptual frameworks...
Despite its large size, the 2009 U.S. stimulus package failed to increase government infrastructure spending or other government purchases as its promoters had claimed it would...
Edward Lazear, a professor at Stanford University and former economic adviser to President George W. Bush, discusses the impact of Federal Reserve Bank of Kansas City Thomas Hoenig's decision to retire on Fed monetary policy...
