The point is that "protectionism" either for trade/job reasons or national security is a dangerous game that most likely will end up hurting everyone involved more than the basic problems that led to that type of economic warfare.
If punishment is meant to deter crime, then perhaps the reason Wall Street seems undeterred from committing crimes is the fact that it doesn't face punishment.
Not only is the deficit down sharply from its levels of 2009 and 2010, when it was near 10 percent of GDP, it is below the levels that even the deficit hawks had targeted back in those years. In other words, even if we had followed the lead of deficit crusaders like Erskine Bowles and Alan Simpson, the deficit would be no lower today.
It used to be thought that America's greatest strength was not its military power, but an economic system that was the envy of the world. But why would others seek to emulate an economic model by which a large proportion -- even a majority -- of the population has seen their income stagnate while incomes at the top have soared?
There are already 4.8 million job openings in the American labor market, and we know that entrepreneurship isn't the answer for everyone. To meet this growing demand for impact jobs while helping build the next generation of impact leaders, we'll need to focus on intrapreneurship.
When Wall Street bankers are stuck in Weehawken for hours on their way to work because the tunnels are shut down, they're going to wish there had been some good old-fashioned "liberal" spending programs.
Altaeros Energies is developing turbine-equipped tubular helium balloons that float up to 2,000 feet in the air to capture wind energy. (From Altaero...
This is not to argue against minimum wage increases as much as to argue that this remedy must not be substituted for reforms at deeper levels.
The value of a country's currency is basically dependent upon the country's integrity and having the assets necessary to pay its debt and back up its currency. This was a real problem for early Americans prior to, and for several years following, the Revolutionary War.
You know what might help in this crisis-to-end-all-crises? Having a Surgeon General in office. President Obama nominated someone for the job last November, but his confirmation has been blocked ever since.
Even parents who have not been the most financially successful can set an example by continuing to try and teach their kids about failure and success.
A month before the November 4 mid-term elections, the competition for control of the Senate is neck-and-neck. The improving U.S. economy hasn't increased Democratic prospects. What explains this?
Lehman down, AIG up, Carmen Segarra out and a seemingly well-connected, three-peat winner, Goldman Sachs, motors on...
Fellow Americans, we can tell the world and President Obama's blind enemies that this nation, America, is indeed better off today than 6 years ago when he became president.
So it's not just my imagination. Marissa Mayer clones seem to be showing up with increasing frequency in business media lately.
While low fertility rates and aging populations can challenge government social safety nets, a new global study published in Science suggests that mod...