Federal debt has now hit 100% of GDP. With no sign that spending will be reined in anytime soon, John Cochrane looks at the possible consequences — and potential fixes for — an economy headed for a reckoning.
Articles
Many people have appropriately criticized President Trump’s promise to give $5,000 to every American adult if the voters elect enough Senators and House members to keep Republican control of each chamber.
September 18, 2026
Articles
Six winners of the Nobel Prize in economics recently signed a statement in favor of California’s Proposition 40, the measure that would impose a one-time 5 percent tax on California billionaires.
September 21, 2026
Articles
Research into sanctions shows the power of substitution goes both ways—but not always equally.
September 19, 2026
