Recent statistics on the average wealth or net worth of blacks are a painful reminder that rhetoric favoring blacks does not mean that politicians using such rhetoric are actually helping blacks...
As Posner indicates, the US is facing an immediate debt problem, a medium term deficit problem, and long-term debt and deficit problems. We have discussed several times the long-term fiscal problems, so I will concentrate here on the shorter-term deficit-debt issues...
This is the first of three posts on the bill agreed to by the President and the bipartisan bicameral leaders of Congress (Speaker Boehner, and Leaders Reid, McConnell, and Pelosi). The bill is called the Budget Control Act of 2011...
One of the complaints this morning after the debt deal is that we won’t be able to “stimulate” the economy any more. Yet, there is no evidence that the stimulus worked...
In my view, much was accomplished, and credit goes to all those who have been laying out the arguments and fighting hard for a return to sound fiscal policy as part of a pro-growth program to get the economy moving again...
In early July, Germany’s prestigious weekly Der Spiegel reported that Bonn was set to sell 200 of its most advanced main battle tank, the Leopard Type 2A7+, to Saudi Arabia. Surprisingly to some, in Israel there was nary a sound...
The debt-ceiling brouhaha diverts attention from the most fundamental economic issue we face: Do we want a European-style welfare state? If we do, how in the world are we going to pay for it...?
Michael Spence, a Nobel Prize-winning economist, talks about the outlook for a political resolution to Italy's debt woes. Spence, speaking from Milan, also discusses the U.S. debt-ceiling debate and the country's credit rating...
One trillion dollars in spending cuts will be triggered when President Obama signs the Budget Control Act of 2011 following ratification by Congress. About a third of the $1 trillion will be cut from defense spending...
