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Economic Policy

Big picture coverage of macroeconomics, political economy, and governments' roles in world commerce.
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.
California’s New Solar Plant: Burning Up Taxpayer Money, Land, and Wildlife Benjamin Zycher 05/21/2014
While the federal government receives net payments for electricity-related oil and gas production on federal land, the net subsidy for the new Ivanpah solar plant is almost 300 times greater.
Are the U.S. Dollar’s Days Really Numbered? Desmond Lachman 05/19/2014
The U.S. dollar will remain the world's reserve currency because no other major currency offers such liquidity, depth of financial markets, and store of value.
Bernard Mandeville, Psychiatrist in the Marketplace Edward Tenner 05/10/2014
Published 300 years ago, what made The Fable of the Bees radical wasn’t the idea that the passions could serve the public good. It was that the burgeoning consumer society should follow the free play of human desires rather than Christian or classical ethics.
Coins That Go Clunk Alex J. Pollock 05/07/2014
Fifty years ago, U.S. silver coins disappeared from circulation, symbolizing a profound shift in the behavior of the government with respect to money.
Have the Limits to Economic Growth Really Been Reached? Desmond Lachman 04/26/2014
Robert Gordon has painted a dark picture of the world’s long-run economic growth prospects. But if the past is any guide, he will likely prove to be far too pessimistic about the human capacity to innovate.
 
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