By Arnold Kling
The complexity of today's economy means that old-fashioned Keynesian policies will not restore full employment.
Given the renewed interest in alternatives to capitalism, it is perhaps appropriate to recall the last time that ...
Twenty years ago, the Berlin Wall came down and with it communist rule in Central Europe. Within little more than two years, the Soviet Union ceased to exist and the transition from communist ...
Taxes and other provisions in the current healthcare reform legislation will inflict the sick and the elderly with ...
The healthcare reform bill heading to the floor of the Senate includes new drug company “fees” and increased Medicaid drug rebates that together total more than $40 billion over the next ...
Reading the climate news in recent weeks, one might start to wonder who won the last election.
Reading the climate-change news in recent weeks, one might wonder who won the last election. The Obama administration has rejected the Kyoto Protocol (ensuring it will expire), adopted some of ...
The Legatum Institute's Prosperity Index goes a long way toward addressing shortcomings in other measurements of ...
A year ago, French President Nicolas Sarkozy created the Commission on the Measurement of Economic and Social Progress. Sarkozy believes that economic growth, as measured by the gross domestic ...
At its upcoming meeting, the Federal Open Market Committee will likely see little reason to change its monetary policy ...
Since the last Federal Open Market Committee (FOMC) meeting at the end of September, there have been further clear indications that the U.S. economy has gradually begun to recover from its worst ...
A new proposal by the interim government represents a triumph for the Honduran people and their constitution.
After months of bickering among self-interested politicians and self-important foreign meddlers about the June 28 ouster of Honduran President Manuel Zelaya, late last night Zelaya accepted a proposal ...
I’ve taken a look at the data, and, I’m sad to report, the Great Recession has badly damaged the entrepreneurial sector ...
Everyone knows that the United States is in the midst of the most severe recession since the Great Depression. But, while the media is full of reports about how the recession has affected large ...
If healthcare overhaul legislation including a public plan fails to pass, Democrats could fall back on a homespun idea ...
Senate Majority Leader Harry Reid is putting a public plan in the health reform legislation that will soon hit the Senate floor. Do not be surprised if it lands with a thud. Senator Reid might not be ...
Among Irving Kristol’s many accomplishments was the little-known role he played in transforming American philanthropy.
Irving Kristol, the writer, editor, and publisher who died last month at age 89, will be best remembered as the intellectual “godfather” of “neo-conservatism,” a set of ideas ...
Sometimes people ask if I miss working for the Federal Reserve. Perhaps if it continues expanding its fiefdom.
“The Federal Reserve would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those that contributed to the financial crisis.” — The ...