Leaders have a hard time inflicting political pain now for possible future societal gains.
For Robert Samuelson's latest contributions to The Japan Times, see below:
A look back by The Economist shows that the problem is not the past, it's the future.
We can no longer rule out the possibility of another great depression.
There are pluses and minuses, but on balance the pluses seem to prevail, according to the McKinsey Global Institute.
The one area where the new agreement is starkly more protectionist involves cars and trucks.
Paulson et al. still claim they did all that could be done to save the troubled firm.
Some economists foresee contagion: Turkey's problems will spread. Others envision a one-country economic blip.
The Federal Reserve is in danger of forgetting the important lessons of high inflation.
The dollar's role as the global currency limits what the U.S. can change.
The things we like about the Internet are the same things that make us vulnerable to its dangers.