My buddy is training for his third Chicago Marathon. I’m preparing for a 10K mud-run. He’s really fit and a family nurse practitioner, so I seek his advice on how to get in shape and what to eat. His advice…
Jeb Bush recently announced his candidacy for president by declaring that “our country is on a very bad course” and promised to fix this with the striking promise of “4% growth, and the 19 million new…
Pedro Caban, University at Albany, State University of New York
Puerto Rico’s economic woes have led some analysts to compare it to Greece. Paradoxically, Puerto Rico’s colonial status explains both its growth and the impending financial debacle.
While a surge in hiring by small companies is helping lower the jobless rate, larger firms paying higher salaries play a bigger role in keeping the recovery alive.
Every year I ask my class on “Wealth and Poverty” to play a simple game. I have them split up into pairs, and imagine I’m giving one of them $1,000. They can keep some of the money only on condition they…
The recent political standoff that shut down the US government for 16 days and came uncomfortably close to the debt ceiling extension deadline is now thankfully over — for the moment. Given the current…
The US government shutdown is in its second week, but attention in the country has shifted elsewhere: to the looming debt ceiling crisis. On October 17, the US runs out of money to pay its bills. Both…
Most commentary on the US government shutdown concerns the apparent disregard some pigheaded Republicans have for the harm it could do to the American and global economies. While the shutdown will likely…
Republican Speaker John Boehner faced a choice between two unappetising gambles on Monday night. One option was to cut a deal with Democrats to continue federal government spending at present levels, and…
In both the US and UK, policymakers have been excited to see a small but significant increase in manufacturing activity and exports. While growth in manufacturing jobs has been sporadic, the creation of…
With the US economy experiencing an extremely slow recovery from the recession of 2007-09, debates over the role of monetary policy have come to the forefront, especially given the variety of new powers…
Recent years have demonstrated the enduring strength of a core Keynesian insight: deficit spending may result in higher growth and enable states to move more quickly into surplus. In this light, Australian…
Is it 2013 or 1999? Barack Obama’s evolution into a more successful Bill Clinton may be complete with the issuance of his recent budget. On the one hand, Obama’s budget cuts entitlement spending by adopting…
The maelstrom surrounding budget cuts that has engulfed the United States over the last twelve months seems no nearer to reaching a satisfactory conclusion. The U.S. Congressional House and Senate currently…
The first thing you should know about the sequester is that nearly everyone agrees that it’s a bad idea. In fact, that was the point. In the summer of 2011, with congressional Republicans refusing to raise…
In his State of the Union address, US President Barack Obama reignited a perennial debate in his proposal to increase the minimum wage from its current level of $7.25 an hour to $9.00 an hour. Advocating…
Barack Obama opened his fourth state of the union address to Congress with words from another Democratic president, John Kennedy: “The Constitution makes us not rivals for power but partners for progress…
President Obama left little doubt during his State of the Union address as to what his top priority will be in the years ahead. “A growing economy that creates good, middle-class jobs”, the President declared…