Karl W. Smith
Trillion-dollar is just what the economy needs right now
The federal budget deficit was just shy of $1 trillion for fiscal year 2019, prompting the usual hand-wringing about the long-term fiscal health of...
The misguided war against corporate profits
Sen. Bernie Sanders, I-Vt., relishes the disdain of America’s business elite, proudly displaying on his campaign website his anti-endorsements from corporate titans and their...
Trump’s trade war challenges Fed’s independence
All four living former chairs of the Federal Reserve took to the op-ed page of the Wall Street Journal on Aug. 5 to defend...
Medicare for All would be more expensive for all
Congressional leaders are only beginning to come to grips with the true costs of Medicare for All and the battle that lies ahead.
Most of...
How to tell if corporate tax reform is working
It’s still too early for a definitive verdict on whether last year’s corporate tax reforms have led to an increase in business investment. But...
