John B. Taylor on Ben Bernanke’s first months. The new Fed chairman’s only mistake? Talking about the Fed funds rate when he should have been talking about the economy.
It is a cruel reality of the free marketplace that some individuals are hurt while others prosper. But Richard A. Epstein explains that the state must not intervene to provide protection from competitive losses.
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.