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Economic Policy

Big picture coverage of macroeconomics, political economy, and governments' roles in world commerce.
Do We Really Need a Larger IMF? Desmond Lachman 03/09/2014
Several developments should cause the U.S. Treasury to reverse itself in favor of a smaller International Monetary Fund.
How to Avoid Another Global Financial Crisis Alan Greenspan 03/06/2014
Human emotions and animal spirits are increasingly driving economic outcomes.
One Step Closer to Tax Reform Alex Brill 02/27/2014
House Ways and Means Committee Chairman Dave Camp’s tax reform proposal shows political courage and embraces admirable policy objectives.
Motor City's Next Moves Scott Beyer 02/27/2014
Detroit recently submitted its financial restructuring plan to court and approved a privatization deal. Here are several other proposals for turning the city around.
GDP and Measuring the Intangible Arnold Kling 02/26/2014
GDP statistics lead us to take an overly pessimistic view of the economy. There is no Great Stagnation. There is only a widening gap between the rate of economic improvement and our ability to measure that improvement.
Keystone XL: Sachs Strikes Back Benjamin Zycher 02/20/2014
Fact-free he began and fact-free he remains.
Yellen’s Wishful Thinking Desmond Lachman 02/18/2014
The new head of the Federal Reserve is imprudently dismissive of concerns about recent international economic developments.
The Looting of Detroit’s Pensions Andrew G. Biggs 02/16/2014
Giving elected officials the power to change the ways that public employees earn future benefits may make the difference in avoiding further Detroits.
Germany's Energy Goals Backfire Vaclav Smil 02/14/2014
Germany’s radical initiative to subsidize renewable electricity generation has resulted in higher carbon dioxide emissions and the most expensive electricity in Europe, with the poor disproportionately bearing the burden.
The Fact-free Opposition to Keystone XL Benjamin Zycher 02/05/2014
Contrary to opponents of Keystone XL, the pipeline would have virtually no effect on global warming, and the world is not experiencing more frequent and extreme climate-related events.