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Can we deflate bubbles before they bust?

Economists may be finally closing in on the reason for asset bubbles. How to pop them before they grow too large, however, is a...

The dollar is down, but not out as world’s reserve currency

The U.S. dollar’s position as the world’s reserve currency might be weakening. In the last few years, the fraction of global reserves denominated in...

U.S. economy keeps defying the recession odds

It’s impressive how well the U.S. economy has held up during the past year. As early as 2018, leading indicators were suggesting a heightened...

Want to save the middle class? Rework unions

If the U.S. is going to make a big dent in income inequality and raise living standards for the middle class, it’s going to...

Long work hours a waste of time

In the sitcom “The Office,” a bumbling manager spends much of his time distracting the hapless employees of a paper company’s local sales branch....

The case for higher taxes at the very top

The New York Times recently released a dramatic infographic showing how much less progressive the U.S. tax system has become since 1950. When the...

Americans feel down about a decent economy

In early 2017, a strange pattern began to appear. So-called soft economic numbers – surveys of business leaders and consumers – started to look...

Be careful with rent control

For years, thriving cities in coastal regions of the United States have become increasingly expensive to live in. As cities such as San Francisco,...

Not all economists are corporate shills

The economics profession gets a lot of the blame for the increasing inequality in American society. Yet the career of Harvard University economist Martin...

What if everyone applied to college?

The United States has a college-opportunity problem. University graduates earn higher lifetime wages and experience lower unemployment rates, but only about one-third of the...
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