...[O]ur constitutional system of checks and balances has worked extraordinarily well in the last decade to legitimize these policies and to generate a national consensus in support of them...

The extension of the payroll tax holiday is bad economics. It may be good politics, or avoids a bad political outcome...

This century's greatest power rivals need to have a frank, strategic talk about the terms of international order...

Although the economy is improving, the chances of landing work are still limited for the currently unemployed, says Edward Lazear, Stanford University professor. "Getting better does not mean good," he tells CNBC's Larry Kudlow...