Treasury Secretary Mnuchin is taking ‘extraordinary measures’ to avoid busting the debt ceiling.
AP Photo/Jose Luis Magana
The US hit the debt ceiling in March and is expected to run out of ways to get around the new $22 trillion limit by September. An economist explains why the ceiling is a dysfunctional relic.
In New England, where most land is privately owned, research shows that land conservation promotes economic growth.
Harvard Forest/Ryan Burton
Protecting land from being developed intuitively may seem like a drag on local economies, but research in New England finds that it has the opposite effect.
Perot become a household name after making an independent run for president in 1992.
AP Photo/Doug Mills
As the US prepares to replace NAFTA, a labor scholar who was critical of Perot but shared concerns about the deal revisits the claim that helped him become the most successful third-party candidate since Teddy Roosevelt.
The latest data is not promising – central banks must react accordingly.
Congress was once the seat of all power on U.S. trade policy.
President Trump has unilaterally raised tariffs and sparked trade wars, all without consulting Congress. A century ago, the roles were reversed.
The founders weren’t exactly free traders.
Arguments over Trump's tariffs and trade wars are just the latest salvo in a heated debate that has raged since the dawn of the American republic.
Most people follow some form of moral code, but to what extent they abide by these rules does differ in various situations.
With no physical form, the cryptocurrency Bitcoin is difficult to analyse and its trading patterns challenging to discern.
Bitcoin trading is difficult to predict, but artificial neural networks may be able to discern patterns.
Will a handshake lead to a deal?
AP Photo/Susan Walsh
Presidents Xi and Trump agreed to restart trade talks at the G-20, but even if a major deal is reached, US companies would still have a very hard time doing business in China.
Facebook offers lofty ideals for its digital currency.
Facebook claims its new cryptocurrency will bring financial inclusion and opportunity to billions, pushing cash further to the fringes. Is that a good thing?
A weaker domestic economy could limit Trump’s options.
AP Photo/Andrew Harnik
Trump may find it harder to maintain support for his escalating tariffs on China if the US economy shows further signs of weakness.
Managing a shared resource doesn’t have to involve fences.
A Nobel Prize-winning political economist found a way to promote good governance and protect users without the need for heavy-handed government regulation.
Sluggish jobs growth may compel Federal Reserve Board Chair Powell to take action.
The Fed said it's ready to act to 'sustain the expansion.' The latest jobs report suggests it may have to act soon.
Millions of unemployed Americans have become too discouraged to look for work.
An economist explains why the long-term drop in the participate rate is an even bigger problem for the US economy than the May slowdown in jobs growth.
Just another American abroad.
AP Photo/Eugene Hoshiko
If headlines about bombings and airplane crashes are making you rethink your international travel plans this summer, a look at how many Americans actually die abroad should set your mind at ease.
Hurricane Michael reportedly caused an estimated $25 billion in damage. But that doesn’t tell the whole story.
With hurricane season comes the usual efforts by insurance companies and government agencies to calculate the economic costs. An economist explains how they're doing it wrong.
Legislative action regarding vehicle emissions is overdue, and needs urgent attention by the federal government.
This shocking figure comes from our back-of-the-envelope calculations looking at the effect of forcing more efficient engines on the Australian market.
Airbnb is a growing threat to the major hotel chains.
The number of Airbnb properties has exploded since its founding in 2008. A hospitality management expert looked at how this has hurt hotels.
Sanctions are making life increasingly difficult for ordinary Iranians, such as those in Isfahan.
Growing fears of a US conflict with Iran show why the kind of unilateral sanctions the Trump administration imposed last year don't work.
Chinese Vice Premier Liu He has been leading his side in trade negotiations.
US-China relations are fast deteriorating, leading to fears that a ‘cold war’ may be brewing. A China expert explains what’s motivating its behavior.