The new financial crisis could have been avoided, if only a bipartisan majority of politicians in Washington, D.C., could have restrained the growth of their spending to sustainable levels.

(See updates below, 2/13, 2/24, 6/12, 6/15, 7/27, 8/12, 9/8.) Five of the most important appointments Donald Trump will make during his first year in office will be to fill three vacancies on the Federal Reserve Board, to reappoint or replace Janet Yellen as Federal Reserve Board Chair, and to designate one of the...
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Despite the evidence to the contrary, the dominant sentiment among politicians, academics and journalists in the United States, Europe and Japan continues to be that stimulating the economy via fiscal and monetary policy is the answer to the economic stagnation. It was stimulation—coupled with lower tax revenue due to the recession—that got several European...
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