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Economic Policy

Big picture coverage of macroeconomics, political economy, and governments' roles in world commerce.
The Folly of Obama’s Tax Plan Alex Brill and Alan D. Viard 08/08/2008
Senator Obama’s proposed ‘tax cuts for the middle class’ are actually marginal rate hikes in disguise.
The Path to Prosperity Amela Karabegovic and Alan W. Dowd 08/07/2008
A new report confirms that low taxes, limited government, and flexible labor markets help to spur economic growth.
Messages from Merrill’s Misfortunes Vincent R. Reinhart 08/05/2008
Last week’s big announcement by a Wall Street investment giant contains dark warnings about our economic future.
Time for a Second Stimulus Package? Desmond Lachman 08/04/2008
Before going down that path, Congress should consider why the first stimulus package failed to jumpstart the economy.
Oily Hypocrisy Robert Bryce 08/01/2008
Until the U.S. opens its offshore waters to oil drilling, it will be seen as the world’s worst energy hypocrite.
Fragile by Design Arnold Kling 07/25/2008
If we could start from scratch, we would not create a mortgage finance system dominated by an enormous duopoly.
Risky Business Vincent R. Reinhart 07/23/2008
With Fannie and Freddie, is the government mistaking a ‘first-generation’ crisis for a ‘second-generation’ crisis?
Where Credit Is Due Anthony Dick 07/23/2008
Stanford economist Jonathan Levin began investigating subprime lending in 2004—before it became front-page news.
Bear Necessities? Peter J. Wallison 07/17/2008
The rush to regulate the securities industry ignores the lessons of history and might plant the seeds of disaster.
Don’t Blame the Speculators John L. Chapman 07/16/2008
Increased speculation in oil futures is not a cause of rising oil prices, but rather an effect of those prices.