The Botched Rescue in Cyprus
The decision to endorse a bailout deal that included a levy on bank deposits was legally dubious, morally unjustifiable, managerially inept, and economically foolish. […]
Articles
The Limits of Philanthropy
The 300 billion dollars Americans give every year to philanthropic causes provide a channel for important social change. So why are academics and even President Obama in favor of limiting tax deductions that can be claimed for charitable contributions? […]
Obama’s Second-Term Agenda and the Global Economy
Obama’s State of the Union address reinforces his overwhelming focus on a domestic agenda in his second term. […]
Lies, Damned Lies, and Statistics
The manipulation of economic statistics has failed to accurately reflect the underlying economic reality. For this reason, gathering more nuanced and better-targeted statistics must be prioritized. […]
Who Says the Euro Crisis Is Over?
Even if the euro survives, the crisis isn’t over until the periphery starts growing and people start finding jobs. […]
Who Wants to Be Treasury Secretary?
Even a cursory review of the hard facts confronting recent Treasury secretaries suggests that the current nominee may end up facing the most difficult job of any of them. […]
Is the Italian Economy on the Mend?
Reforms undertaken in Italy have done little to redress its competitiveness and growth problems. In the coming elections, Italians should elect those most likely to commit to more vigorous reforms over a long period. […]
What the U.S. Fiscal Deal Means for the World
The U.S. fiscal deal is a step in the right direction. But Washington still needs to address the biggest cause of the chronic fiscal crisis—exploding healthcare costs. […]
Beyond the Fiscal Cliff: Savings, Healthcare, and Inequality
Political bickering has blinded American leadership to the deeply rooted problems with the U.S. economy. […]
The ECB Can’t Rescue Europe
The ECB’s September purchase of Spanish and Italian government bonds in the secondary market is fraught with political and economic risk both for Germany as well as the periphery. […]