Japan has been an experiment in economics ever since its crushing defeat at the end of World War II. First, Tokyo employed inventive techniques to rebuild its economy and wealth — the export-led, state-directed system in which …
Economics
Why Derivatives May Be the Biggest Risk for the Global Economy
Since the recession, the value of derivatives outstanding has grown, and they remain very risky with the potential for large, unpredictable losses.
Can the U.S. Dollar Become Almighty Once Again?
A stronger dollar could be a bellwether of an improving economy and a brighter outlook for U.S. stocks.
Coming Soon: New Standards for Teaching Kids about Money
In coming weeks and months, a new comprehensive set of guidelines for what kids should know about money–and when–will land in your school district.
Why Many Americans Feel Like They’re Getting Poorer
Since the recession ended, the economy has never grown fast enough to make up for lost ground – and that’s helping to keep household income depressed for as much as half the population.
What Happens When the Fed Really Does Run Out of Ammunition?
The Fed has no good choices. If easy money ends, the economy will slow even more. But continuing the policy risks inflation
Is the World on the Brink of a Currency War?
Economic policies that look like the start of a trade war are really aimed at addressing domestic economic problems.
Obama’s Proposal to Boost the Minimum Wage: Will It Help or Hurt Workers?
Of the proposals in President Obama’s State of the Union address, the one that’s perhaps getting the most attention is his push to have the federal minimum wage raised from $7.25 to $9.00 per hour. There are many reasons for …
Why Can’t This Economy Really Get Going?
A host of factors outside of the government’s control will likely hold back the economy for at least another year.
How a Century of Income Taxes Can Clarify Today’s Debates
History shows that there’s no right way to raise income taxes – but generally it’s smarter to eliminate preferences, deductions and loopholes rather than jacking up rates.
The Economics of Immigration: Who Wins, Who Loses and Why
Washington’s focus has shifted to immigration reform this week as a bipartisan group of Senators put forward a comprehensive plan on Monday and President Obama followed with a proposal of his own yesterday. The debate thus far …
The Great Central-Banking Experiment: Will Unlimited Cash Solve Problems or Cause Them?
The Bank of Japan folded as easily as a hot slice of New York pizza. After a few weeks of pounding by newly installed Prime Minister Shinzo Abe, the BOJ’s (officially independent) managers capitulated on Jan. 22 to his demands …