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Economic Policy

Big picture coverage of macroeconomics, political economy, and governments' roles in world commerce.
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.
How to Fairly Tax Families Sita Nataraj Slavov 04/14/2014
Based on fairness concerns, there’s a strong case for making the tax system more marriage neutral by shifting to individual rather than family-based taxation, and for providing increased support to low-income individuals without children.
When Setting Tax Policy, Don’t Forget About Long-Run Growth Alan D. Viard 04/11/2014
Neither party will always welcome estimates of how their proposals affect long-run growth. But the American people should welcome the prospect of their elected representatives being asked to think further ahead than the next election.
The Death of Money James Rickards 04/09/2014
The prospect of the dollar failing, and the international monetary system with it, looks increasingly inevitable. The dollar nearly ceased to function as the world’s reserve currency in 1978, and similar symptoms can be seen today.
Crowdfunders' Losing Deal Adam Gomolin 04/04/2014
Shouldn’t those who contribute the funds to launch successful startups also share in any profits?
Crude (Oil) Politics Kenneth P. Green and Alan W. Dowd 04/02/2014
The Obama administration's approach to the public policy challenge of energy production and consumption ignores three important energy realities.
Hoping for China's Success Vaclav Smil 03/28/2014
There is one effort in which everybody should wish to see China successful: preservation of the country’s farmland. It has already been reduced to well below the level needed to keep the country self-sufficient in grain production.
 
AEI