Geopolitical crises and the aftereffects of Covid are prompting the United States and other nations to find alternatives to globalization in education, trade and environmental protection.
Why do banking crises keep happening? When depositors are protected, some banks cannot resist making risky loans. And paying fines for doing so has become a usual cost of doing business.
President Biden is playing the long game in trying to revitalize the economy after Covid. It may take a long time to figure out how to measure the results.
The parallels to the post-pandemic Roaring ’20s of a century ago are striking. But we have learned how to fine-tune fiscal policy in order to avoid a boom-and-bust cycle.
We are facing an unprecedented global crisis, which makes it unwise to seek an abrupt return to life as usual, writes Paul D. McNelis, S.J., our contributing editor for economics.
The federal government has the tools to stabilize the economy in the wake of coronavirus, writes the economist Paul D. McNelis, S.J. We cannot settle for delayed and piecemeal responses.