Put very simply, Congressional gridlock is killing the American dream. It is being sacrificed on the altar of ideological purity and partisan sanctimony. We need to put the brakes on that approach or we will break apart.
Five years into the crisis, the fiscal landscape remains challenging. On the positive side, deficit-cutting efforts and the first signs of recovery re...
America's financial and economical decisions will have an effect on emerging economies in the times to come. The reversal of flows will destabilise emerging economies, and an effort to attract investment will have to be made in order to keep the increasing growth rates in the GDP.
Why would the government do this? In their announcement, the feds were pretty clear: "for surplus removal." In other words, since the poultry meat industry produced more chickens than it could sell, the government will step in and provide a cushy taxpayer bailout.
You want to know what's actually well-established in American fiscal policy? It's a budget process where both sides lay out their visions in terms of future receipts and outlays, hammer out a compromise in conference, and pass a budget.
Are threats to oppose a debt ceiling increase ever defensible? More specifically, can they ever be justified as a form of leverage--as a tool to force...
The federal government budget deficit has fallen sharply in recent years. But if the choice and timing of policy measures is not right, the deficit reduction may turn out to be too much in the short run -- stunting the economic recovery -- and not enough in the long run.
Recent political and social unrest in some emerging and developing countries may have idiosyncratic features. But they also have a common denominator.
Early 2013 saw one of the most productive one hundred days in Mexican political history and a burst of international press hype. Now, with Congress out of session, Mexico lies in wait.
As the government's role as economic hall monitor is debated and global markets and foreign economies adjust to their own challenges, our focus is on investing in the old-fashioned companies with strong balance sheets, increasing earnings, strong cash flow, and seasoned management teams.
The debate over fiscal responsibility has been muddled by the Great Recession; inevitably, perhaps, arguments over long-term fiscal problems have been conflated with debates over short-term recovery programs. Both debates have suffered terribly as a consequence.
Whatever happens to the price of those commodities matters a great deal for development and, even more, for the war on poverty. The problem is that those prices are famously volatile.
Developing countries continue to face important challenges in boosting productivity growth in the difficult post-crisis environment, but also many opportunities to eliminate poverty and create shared prosperity.
Before we go charging off to fight the great battles to secure America's finances in the future, we should reflect on how accurate we have been in the past when predicting the national balance sheet.
Emerging market and developing economies are still going strong, but in advanced economies, there appears to be a growing bifurcation between the United States on the one hand, and the Euro area on the other.
Our whole national argument about taxes -- we pay too much! They pay too little! -- is misplaced. At best, it's a proxy for the real argument we should be having. To use Holmes's terms, we argue endlessly about the price when we should be debating the civilization.