Regardless of who wins this bitterly contested election, the victor will face the same basic, daunting, task: reconciling the vast promises that have been made, both in this campaign and earlier, with the government's limited ability to meet those promises. It won't be easy. You can ...
For Robert J. Samuelson's latest contributions to The Japan Times, see below:
The notion the central bank could orchestrate economic growth was optimistic and unrealistic.
U.S. productivity is slowing down at a time when it should be booming.
The U.S. government is slowly becoming an agency for taking care of the elderly.
The age of oil will endure for the forceable future.
Advanced economies must try to promote a sense of purposefulness and self-reliance for their bloated pools of disengaged youth.
The U.S. economy caught in a vicious circle of its own fear and ignorance, as companies increasingly turn to temporary workers and consumers tighten their purse strings.
China's economic predicament resembles America's. It needs a formula for sustainable growth that's not dependent on repeated bursts of artificial stimulus.
The dollar's role as the dominant international currency is bad for U.S. manufacturers and their workers.
Moore's Law is a quiet rebuke to those who think we control our destiny.