The impending battle over national debt reduction gives the Democrats one more shot at making the tax code more just and the loopholes in the system more difficult to exploit...
Barack Obama just gave a belated but stern warning about escalating debt -- a few weeks after he presented a 2011 budget with a $1.6 trillion annual deficit, the largest shortfall in American history...
The goal of China's new Five-Year Plan is to recompose (not expand) aggregate demand, in order to sustain growth and avoid the diminishing-returns trap that is the principal risk of the current investment pattern. But changing that pattern will require many simultaneous transitions...
The President chose neither to offer nor to embrace any specific Social Security proposals. Following is a quick textual analysis of the President’s Social Security language...
The Great Budget Deal of April 2011 promises $38.5 billion in spending cuts for the balance of Fiscal Year 2011-12. We’ll see if the reductions materialize...
Here is an updated version of Case-Shiller’s housing index for the country. It is of course somewhat misleading because there is not a national housing market. But it does capture factors that affect all housing markets...
The role of government in the housing market goes back decades to the deductibility of mortgage interest, FDIC insurance, and the creation of Fannie Mae. But those interventions...weren’t the cause of the crisis. You have to find a change in government policy...
Two recent books about human exposure to chemicals offer very different views of the subject – different in tone, outlook, veracity and the value they provide to readers...
