I had the pleasure of studying under Uwe Reinhardt at Princeton. He was by far the best teacher. … Continue reading “Uwe Reinhardt is brilliant!”

I had the pleasure of being invited to a dinner organized by the Princeton University Center for Economic … Continue reading “CEPS: George Soros on the crash of 2008”

The story of the Smoot-Hawley Tariffs should be a cautionary tale to present-day policymakers. The tariffs did not … Continue reading “Global industrial bail-outs: the Smoot-Hawley Tariffs of 2009?”

As a society and as individuals we are loth to take responsibility for our actions. We much prefer … Continue reading “Whodunit?”

During the past few years, I often felt I was the sole economic pessimist. I urged my friends … Continue reading “The Economy: The case for (relative) optimism”

I am not usually a fan of his style, but in this case, his outburst was justified and … Continue reading “Jim Cramer's August 2007 outburst is a must watch!”

By Steven E Worst financial crisis since the Great Depression? Yes—but don’t be cowed by talk of calamity. … Continue reading “All Hail the Fed: why to be skeptical about the priciest bailout ever”

Fannie Mae and Freddie Mac are privately owned and run government sponsored enterprises (GSEs). Fannie Mae was founded … Continue reading “Fannie Mae & Freddie Mac: How we got here and what to do next”

In the past few years, I have been extremely pessimistic about the US economy. I explained that most … Continue reading “The US Economy: How bad will it get?”

By Stacie Rabinowitz I’ve been a bit perturbed lately reading about some of the responses to the global … Continue reading “The Food Crisis: A Radical Rethink”

The first time I got an insight into Sarkozy’s character was reading The Economist review of his literary … Continue reading “Sarkozy: The First Year”

“Is China democratizing? The country’s leaders do not think of democracy as people in the West generally do, … Continue reading “The Prospects for Democracy in China”

On Tuesday evening, I had the pleasure of attending a seminar sponsored by McKinsey on China’s Business and … Continue reading “China’s Business and Policy Evolution”

I am an economist by formation and at heart if not by trade and I am appalled by … Continue reading “Policy recommendation for the candidates”

The road to hell is paved with good intentions! In public policy above all else, I have often … Continue reading “The power of unintended consequences”