Editor’s Note: In April, the credibility of economic austerity, which has incited rioting in Europe, took a hit when a graduate student from the University of Massachusetts-Amherst found a coding error in a 2010 research paper published by Harvard professors Kenneth Rogoff and Carmen Reinhart. Since the 2010 release of that paper, which argued that […]

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In 2006, Barack Obama, less than two years in Congress as a pure neophyte, was the only U.S. Senator to attend the first meeting of former Treasury Secretary Robert Rubin’s meeting of the Hamilton Project at the Brookings Institute. In the video above, Obama talks about the new economic order. Watch Obama heap praise on […]

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The Federal Reserve Bank of New York is out this morning with new research (“Young Student Loan Borrowers Retreat from Housing and Auto Markets”) showing that student debt is not merely painful to those owing it, but has also become economically damaging. The debt burden is essentially neutralizing, or worse, the income advantage of having earned […]

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The annual Conservative Political Action Conference, held in mid-March, is four days of shrill, angry, conservative rants. Christopher Preble was this year’s exception. As senior defense analyst at the libertarian Cato Institute, Preble is a persistent critic of defense spending that consistently amounts to almost 5 percent of GDP. On the day the president releases […]

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After President Barack Obama called on Congress to raise the federal minimum wage from $7.25 an hour to $9, it fell on U.S. Senator Marco Rubio to make the conservative case against it. Alas, for a Republican Party trying to reinvent itself for a brave new 21st-century world, all he offered were the same old […]

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