The capitalism that has become dominant in the years since the 1980s is not about enough; it’s about more, and no amount of more is ever enough.
Read moreThe Capitalist Culture That Built America
The firm that he founded would evolve into one of America’s most important investment banks, Brown Brothers Harriman, which is still in business today.
Read moreTrump Got China All Wrong. Now Biden Is Too.
Toughness in the face of China may be good domestic politics, but it is still bad policy if the goal is enhancing U.S. economic power and global security.
Read moreWhy You Should Be Wary of Claims That the Stock Market Is in a Bubble
Almost exactly a year ago at this time, I warned that markets were due for a sharp correction and that the emergence of COVID-19 was more than a valid reason.
Read moreAmerica's Cities Are in Crisis. They Should be Allowed to Raise Debt to Save Themselves
That kind of help from the federal government has been sorely lacking during the pandemic—and is utterly essential to any meaningful and sustainable economic recovery for the whole country.
Read moreHere’s What Happens to a Conspiracy-Driven Party
As tempting as it to take the rise of conspiracy theories as a singular mark of a partisan internet-fueled age, however, there’s nothing particularly modern or unique about what is happening now.
Read moreHow the GameStop Trading Surge Will Transform Wall Street
That has often been the case, but then came the GameStop phenomenon when a tsunami of that so-called dumb money flooded parts of the stock market, leaving Wall Street professionals not just scratching their heads but a few of them badly wounded.
Read moreWhat Can We Expect After the Pandemic?
Zachary Karabell reviews four books that focus on what we should expect after the pandemic: The Corona Crash, Life After Covid-19, Post-Corona, and The New Great Depression.
Read moreIf We’re Serious About Saving the U.S. Economy, We Need to Bail Out the Cities
As the United States heads into its grim pandemic winter, Congress remains deadlocked on passing a new stimulus bill.
Read moreTrump’s China Tariffs Failed. Why Isn’t Biden Dropping Them?
In an interview this week, President-elect Joe Biden said that he’s not planning to reverse tariffs on Chinese goods imported into the United States as quickly as he plans to reverse other Trump-era policies…
Read moreAs Congress Fails to Act, Only the Fed Can Save the Economy
With COVID-19 surging across the country, and state after state enacting new restrictions as individuals adjusting to a more widespread contagion, these programs could be needed in the coming months, just as Mnuchin is attempting to end them.
Read moreWhat the EU Gets Right—and the US Gets Wrong—About Antitrust
US regulators have not yet shown all their cards, but they should pause before arguing that too big equals anticompetitive, or seeking to break up or substantially restructure the tech giants. Instead, they might want to look to Europe.
Read moreHow Biden Could Wind Down the Imperial Presidency
Once Biden undoes some of what Trump has done, he could leave his most indelible and important mark by rolling back that trend in American governance, ceding presidential powers back to Congress and the states, making it harder for any subsequent president to abuse the power of the office.
Read moreIf We Don't Move Fast, the Economy Is Going to Get Much Worse
Regardless of the electoral outcome, doing nothing until February 2021 after a new Congress and President are sworn in could well plunge the country back toward the depths of March when a major depression seemed upon us.
Read moreThe Ugly Partisan Truth Behind President Trump's Stimulus Roadblock
That fact alone would suggest the need for further government stimulus, but hope for that faded after the president announced that he was uninterested in further stimulus bill until after the election, though he then backtracked and suggested he was open to some action.
Read moreTrump’s TikTok Policy Is Just a New Kind of ‘Security Theater’
After weeks of uncertainty following President Donald Trump’s executive order on TikTok—ordering its Chinese parent company to divest its American operations within 90 days—the video app that has stolen the hearts, if not the data, of millions of teens has found an American partner: Oracle.
Read moreAmerica is a Tale of Fractured Economic Realities and That's Stopping Us From Fixing this Crisis
Given how much economic damage the pandemic continues to cause, it seems astonishing that Washington has been unable to muster any action since the spring.
Read moreThe Fed Finally Realizes That Inflation Isn’t Coming
The Economic Model of Higher Education Was Already Broken. Here's Why the Pandemic May Destroy It for Good
With the fall semester upon us, colleges and universities unveiled their plans for students—and many are just as quickly upending those plans.
Read moreIt’s Official: Conventions Are History. So What Replaces Them?
The parties killed the convention before the pandemic. Now they have a chance to reinvent it.
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