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Noah Smith

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Wall Street squeezing housing

President George W. Bush pledged to make the U.S. an “ownership society” and tried to promote homeownership via tax credits, assistance with down payments...

Cheaper college better than free

One of independent Vermont Sen. Bernie Sanders’ tentpole ideas as a presidential candidate is the promise of a free college education for all Americans....

E-commerce can’t be winner-take-all

Small businesses are a pillar of capitalism and of a healthy economy. They provide a path into the middle and upper-middle class for people...

U.S. can take on a lot more debt

For many years, respected macroeconomists scolded countries that failed to reduce their debt levels. The International Monetary Fund, whose job it is to lend...

Zoning reform alone won’t make housing affordable

During the past few years, it has become clear that housing affordability is a major challenge facing the U.S. Rent is consuming an increasing...
A 2016 GALLUP survey found that 60 percent of young adults said they were open to other job opportunities, and 55 percent said they didn’t feel engaged at work. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI

Opinion: Burned-out millennials need careers, not just jobs

NEW YORK - At a time when lots of attention is being paid to inequality, poverty and the travails of the working class, it might...

U.S. poorer than it thinks

What does it mean to be poor? Currently there are two basic ways to define poverty. To get a better measure of who needs...

Health care still eating the economy

Health care costs are not as much in the news nowadays. A big reason might be that cost growth has slowed in recent years....

U.S.’s need for skilled immigrants isn’t going away

Skilled immigration is good. The U.S. economy depends on it. But the nation’s system for admitting educated workers needs major ­improvements.That is the central...

Americans souring on economy

As Americans become more negative about the state of their society, a number of people have tried to cheer them up by reminding them...
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