Red Tape May Be Hamstringing Growth
Corporate regulation has been mounting under the Obama administration and could be more responsible for the stalled recovery than taxes or the deficit. Matt Yglesias ridicules economic Nobelist Gary Becker for suggesting that President Obama's policies might be to blame for the slowness of …
America's Debt Bill Comes Due
Politicians are jockeying for position as the bill comes due on our gaping national debt. But without an agreement soon, we'll all be stuck with the check. Politicians are jockeying for position as the bill comes due on our gaping national debt. As I explain in my latest column for The Week …Did Geithner Really Kill The Recovery?
The Left is focusing their ire on Treasury Secretary Geithner, accusing him of pushing austerity measures that have weakened the economic recovery. Zachary Goldfarb’s reporting in the Washington Post has revealed an important piece of information about why the economy is slowing down. Forget …GOP Now Owns the Debt Crisis
After the House's clean debt vote, one thing is clear: any negative fallout from the debt battle will be laid at the GOP's feet. The House of Representatives overwhelmingly defeated the motion to pass a “clean” increase in the United States’ federal debt limit last night. No surprise, right? …GOP Running Out of Time to Win Debt Fight
The clean debt limit vote has predictably failed. But by wasting time on political games, the GOP may have run out of time to cut the long-term spending deal they want. The clean debt limit vote has predictably failed. Of course, it wasn’t the best conceivable option. A debt ceiling increase …A Debt Fight the GOP Can't Win
Fighting over the debt limit will end in a GOP defeat. The party should instead use its political capital to fight for serious entitlement reform. Congress’ rejection of a “clean” debt ceiling increase isn’t surprising and probably won’t have many short-term consequences. Largely because most …Want Big Budget Cuts? Weaken the Dollar
Republicans promise that rapid action to cut government spending will return us to prosperity. But their approach may not work if they also call for a strong dollar. Republicans promise that rapid action to cut government spending will lead to a quick return to prosperity. They have some …