Though America’s gross federal debt now stands at 107% of GDP — a post-WWII record — the Biden administration’s 2022 budget will see the country's largest-ever peacetime deficits.
For Michael J. Boskin's latest contributions to The Japan Times, see below:
Although every recession is different, history offers lessons for the current pandemic-induced downturn.
Policymakers must boost incentives to work in normal times when jobs are plentiful, while strengthening the safety net for when they are not.
The U.S. president must navigate difficult swing states and hope infighting hobbles the Democrats
As 2019 begins, leaders must focus on bread-and-butter domestic issues, while moving toward more flexible and decentralized political models capable of governing diverse populations.
Even if the economy doesn't affect the election, the election will affect the economy.
The far-reaching social, political and economic risks posed by "Big Tech" have finally prompted a more concerted response from policymakers and regulators.
Whether this year's positive economic trends continue in 2018 will depend on a variety of factors, from fiscal and monetary policymaking to domestic politics and regional stability.
U.S. President Donald Trump still has an opportunity to cut taxes, improve U.S. infrastructure, and replace or amend the Affordable Care Act — but he must first learn how to cooperate with Congress.
If the gamble Trump is taking in trying to renegotiate agreements doesn't backfire, it could define a new doctrine for the U.S. role in the world.