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Economic Policy

Big picture coverage of macroeconomics, political economy, and governments' roles in world commerce.
Europe's Energy Problem Desmond Lachman 06/20/2014
Developments in the Middle East and Ukraine show Europe needs to improve its energy policy or face serious economic consequences.
Attorney Fees in Patent Cases: There is a Middle Ground Michael M. Rosen 06/18/2014
Automatically awarding attorney fees to the prevailing party, at least in patent cases, would be a grave mistake and wreak havoc on our legal system.
The G-7 Weighs in on SIFI Designations Peter J. Wallison 06/16/2014
The Treasury and Federal Reserve, afraid of congressional opposition, sought G-7 support for accelerated SIFI designations of capital markets firms.
The Natural Gas Boom: Questions and Complications Vaclav Smil 06/15/2014
Complex changes do not bring unalloyed benefits, and rather than adhering to a simplistic infatuation with new riches, we should recognize a number of already obvious complications and ask a number of necessary questions.
Europe in Denial Desmond Lachman 06/09/2014
Despite an electorate that is increasingly hostile to the European project and the risk that Europe could be drifting towards Japanese-style deflation, European policymakers remain complacent.
North Korea's Paradoxical Upswing in Trade Nicholas Eberstadt 06/04/2014
Never before has the North Korean economy been so totally dependent on the largesse of a single trade patron as it appears to be today.
The Future Electric Grid Mark P. Mills 05/31/2014
We hear increasingly that technology is making today’s electric utility model ‘obsolete’ and will put its companies into a ‘death spiral.’ Is it possible that so much has changed so quickly?
Nader’s Pitch for a Left-Right Convergence James K. Glassman 05/28/2014
Ralph Nader’s new book shows his zeal for finding and promoting left-right solutions.
New Flight Rules Are a Heavy Load Ike Brannon 05/25/2014
Requiring that pilots have more flight hours may seem like a sensible government action designed to protect us, but the reality is that it will destroy jobs, increase the cost of flying, and result in more people dying in transit.
If Detroit's Not Too Big To Fail... Alex J. Pollock 05/23/2014
With the instructive Detroit precedent, shrunken populations, and underfunded municipal pensions common, we can conclude that no city, not even Chicago, should be thought of as too big to fail.
 
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