Many good things have happened both in the United States and worldwide this century. In the U.S., we have the lowest unemployment rate in half a century. Worldwide prosperity is growing so fast that the rate of extreme poverty fell by half between 1990 and 2015, five years ahead of the World Bank’s optimistic goal.
Seven years ago Mario Draghi could rely on words alone to convince markets that he would do “whatever it takes” to save the euro. Now, with his eight-year term drawing to a close, investors are willing to bet that the European Central Bank president is bluffing.
Raghuram Rajan has delivered some uncomfortable economic truths in a career spanning the International Monetary Fund and powerful positions in his native India. The question is whether Brexit Britain is ready to hear them from another foreign Bank of England governor.
Yesterday I broke with an old pattern I had developed during half a century of work (if you include college, where I did work hard) and took the day off. I had always wondered what it would be like to attend a major golf tournament and I was fortunate enough to get 2 free passes to the U.S. Open practice rounds plus a parking permit. So I invited a friend and we had a ball, so to speak.
John Papola interviews economist, author, Hoover Institution fellow, and host of the EconTalk Podcast, Russ Roberts. John and Russ explore the story behind their first creative collaboration: Fear the Boom and Bust.
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.