172 Items

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.

President Donald Trump speaks on national security on Dec. 18, 2017, in Washington. Trump said his new national security strategy puts "America First." (AP Photo/Evan Vucci)

AP Photo/Evan Vucci

Analysis & Opinions - Project Syndicate

Economics and American National Security

| Dec. 26, 2017

The National Security Strategy released by the White House earlier this month differs from the previous congressionally mandated strategies that have been prepared every four years. The 2017 NSS is different because it emphasizes the role of the economy: “Economic security is national security,” the new NSS avers.

Vincent Tacconelli aerates printed sheets of dollar bills, the first currency notes to bear the signatures of Treasury Secretary Steven Mnuchin and Treasurer Jovita Carranza, November 15, 2017, at the Bureau of Engraving and Printing in Washington.(AP Photo/Jacquelyn Martin)

(AP Photo/Jacquelyn Martin)

Analysis & Opinions - Wall Street Journal

New Priorities for a New Fed Regime

| Nov. 29, 2017

Now is a good time for those who hope to see new thinking at the Federal Reserve. There will soon be a new Fed chairman and vice chairman. The president of the Federal Reserve Bank of New York, who serves as vice chairman of the Federal Open Market Committee, will also be replaced in the coming months. And a majority of the Fed’s Board of Governors will be new next year.

Copies of the proposed Republican tax package are carried by House Ways and Means Committee staffer Thomas Kutz before the start of the markup session on the bill, on Capitol Hill on Nov. 6, 2017 (AP Photo/J. Scott Applewhite).

AP Photo/J. Scott Applewhite

Analysis & Opinions - Wall Street Journal

Corporate Tax Reform is the Key to Growth

| Nov. 05, 2017

The debate over tax reform is focusing on all the wrong things: the personal rates and the deduction for state and local taxes. What will truly matter for the economy is corporate tax reform, which will lead to a major increase in capital spending by companies. That in turn will raise productivity and real wages.

President of the European Central Bank Mario Draghi comes to a news conference following a meeting of the governing council in Frankfurt, Germany, on Sept. 7, 2017 (AP Photo/Michael Probst).

AP Photo/Michael Probst

Analysis & Opinions - Project Syndicate

Europe's Economic Dilemma

| Oct. 30, 2017

The European Central Bank deserves credit for the economic improvements that have occurred in the past few years. But the ECB’s policies also mean that the eurozone has no ammunition left to fight the next recession, because interest rates cannot be reduced further and fiscal policy remains in the hands of national governments.

A man holds the new LG V30 smartphone at a tech fair in Berlin on August 31, 2017. U.S. government statistics that paint a grim picture of wage growth do not account for the benefits that technological progress, including the invention of the smartphone, have for consumers, Martin Feldstein argues. (AP Photo/Michael Sohn)

AP Photo/Michael Sohn

Analysis & Opinions - Wall Street Journal

We’re Richer Than We Realize

| Sep. 08, 2017

Government statistics paint an excessively grim picture of what is happening to real wages and the growth of real national income. Although most households’ take-home cash has been rising very slowly for decades, their standard of living is increasing more rapidly because those wages can now buy new and better products at little or no extra cost. The government’s measure of real incomes gives too little weight to this increase in what take-home pay can buy.

House Speaker Paul Ryan discusses tax reform during a visit to Intel in Hillsboro, Ore. on Wednesday, Aug. 23, 2017. (AP Photo/Don Ryan)

AP Photo/Don Ryan

Analysis & Opinions - Project Syndicate

Tax Reform and Budget Deficits in America

| Aug. 29, 2017

The Republican Party’s leaders in the United States House of Representatives have been hard at work for more than a year designing a major reform of personal and corporate taxes. With an election looming in 2018, the House Republicans are determined to deliver a reform package and send it to the Senate for enactment.