Russia and China shattered the belief that economic liberalization leads inevitably to greater political freedom.
For Michael J. Boskin's latest contributions to The Japan Times, see below:
Democrats are rightly worried that surging inflation will hurt them in the midterm congressional elections this November — and possibly even in the 2024 presidential election.
All political leaders feel pressure to try to circumvent the laws of economics or even the laws of arithmetic — as Biden has done by claiming that his Build Back Better bill costs nothing.
It has long been clear that Biden's spending bill would leave a $1.5 trillion to $3 trillion hole to be filled with debt even after tax hikes.
Democrats are hoping the Afghan debacle will be less salient to voters by November 2022. But the fall of Kabul could have a lasting effect.
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.
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.