The Latest

Hopes Dashed (Again)

The December jobs report was terrible. After a November report that was strong from stem to stern, December disappointed in every dimension: jobs grew by only 74,000, there were modest upward ...

Immigration and Wages

Opponents of immigration reform, notably Senator Jeff Sessions, Laura Ingraham, and former Alaska governor Sarah Palin, are raising the argument that it is a mortal danger for working Americans. In ...

Breaking the Rules on Austerity

In 1925, John Maynard Keynes wrote a desperate plea for economic common sense over rigid orthodoxy entitled “The Economic Consequences of Mr. Churchill.” The patron saint of today’s progressive economic-policy ...

Conservatives 1, Progressives 0

Conservatives have lost the messaging battle on taxes. The public has bought into the notion that they exclusively care about keeping taxes on the rich low (at the expense of ...

Two Lessons

First, congratulations are due to President Obama on his reelection and to Republicans on a strong House majority. Each has a different lesson to take from last night’s results. The ...