The debt that shall not be named
US Vice President Kamala Harris released a detailed policy book this week. The words "national debt" are mentioned only once. At this month's US presidential debate, the word "debt" was not mentioned...
In defence of billionaires
“Billionaires should not exist,” argues Vermont Senator Bernie Sanders, who has long described himself as a democratic socialist. Indeed, “every billionaire is a policy failure” is a...
The AI future is still a long way off
WASHINGTON, DC – In a recent discussion with British Prime Minister Rishi Sunak, tech billionaire Elon Musk prophesied that there “will come a point where no job is needed,” owing to advances in...
A US recession is still possible
Optimism is growing that the United States can avoid a recession. A Wall Street Journal survey of economists in July found that only 54% expect a recession in the next 12 months, down from 61% in...
The myth of income stagnation
According to the conventional wisdom, income stagnation and inequality are large and growing threats to broad-based prosperity in the United States.Many economists, journalists, business leaders, and...