190 Items

Pennies

John Jones/Creative Commons

Analysis & Opinions - Project Syndicate

How to Increase America’s Saving Rate

| July 26, 2018

Once upon a time, US policymakers believed that more consumer spending was better than higher saving. But even though officials have come to realize that a high level of saving means more investment and faster growth, legislation to encourage more personal saving has failed to reverse a sharply downward trend.

John Krafcik, CEO of Waymo Inc., the autonomous vehicle company created by Google's parent company, introduces a Chrysler Pacifica hybrid outfitted with Waymo's own suite of sensors and radar at the North American International Auto Show in Detroit on Jan. 8, 2017. AP Photo/Paul Sancya, File.

AP Photo/Paul Sancya, File

Analysis & Opinions - Wall Street Journal

The Fed Can’t Save Jobs From AI and Robots

| June 10, 2018

The day is coming, experts tell us, when artificial intelligence and robotics will massively disrupt the labor market. Autonomous vehicles will put 3.5 million truck drivers at risk of losing their jobs. Checkout machines may replace 3.4 million retail cashiers. That is only the beginning of the long list of jobs that will be destroyed by technological change.

Visitors look at a Chinese company's industrial machinery used for processing soybean at the international soybean exhibition in Shanghai. April 12, 2018 (Andy Wong/Associated Press). Keywords: China, trade, soybeans

Andy Wong/Associated Press

Analysis & Opinions - Project Syndicate

The Next Step for Chinese Economic Policy

| Apr. 23, 2018

Now that it has risen to the top of the global economy, China must adopt the necessary reforms to become fully compliant with the international rules that it accepted upon joining the World Trade Organization in 2001. Its current policy will only lead to a serious trade conflict with the US

In this August 17, 2010 file photo, a statue of the Albert Gallatin, the 4th Secretary of the Treasury, stands on the north patio of the US Treasury Building in Washington.(AP Photo/Pablo Martinez Monsivais, File)

(AP Photo/Pablo Martinez Monsivais, File)

Analysis & Opinions - Project Syndicate

The Heightened Risks of a US Downturn

| Jan. 26, 2018

The US economy has experienced nine recessions during the last 50 years. What makes the current situation unusual and more worrying than in the past is the low level of short-term interest rates and the high (and rising) level of federal debt, which will limit policymakers' ability to provide the stimulus needed to counter a recession.