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.
Paul D. McNelis, S.J.
Paul D. McNelis, S.J., is America’s contributing editor for economics and a visiting professor of economics at Boston College.
Posted inPolitics & Society, Short Take
Raising the minimum wage will increase inflation. That’s a good thing.
Jesuit economist: We should think of a minimum wage hike as a tool to increase investment and sustain a post-Covid recovery.
Posted inPolitics & Society, Short Take
Will our new Roaring ’20s end with another Great Depression? Not if Joe Biden’s smart.
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.
Posted inPolitics & Society, Short Take
Even if we’re anxious to reopen the economy, we need to do it gradually.
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.
Posted inPolitics & Society, Short Take
We need more than tax cuts and zero interest rates to fight a coronavirus recession
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.
Posted inPolitics & Society, Short Take
Clergy have helped make economics moral for centuries. Is it time for reboot?
From the defense of moneylending to ethical research methods, theologians have shaped modern economics and finance, writes Paul McNelis. It may be time for them to step in again.
Posted inPolitics & Society, Short Take
What today’s presidential candidates can learn from Dwight D. Eisenhower
Dwight Eisenhower has risen in the rankings of presidents, writes Paul D. McNelis, S.J., and his ability to combine bold initiatives with fiscal discipline is needed today.
Posted inPolitics & Society, Short Take
Paul Ryan has been hired to teach at Notre Dame. He should think about studying there instead.
The Rodney Dangerfield film “Back to School” has a lesson for even the most famous individuals: Anyone can benefit from hitting the books.
Posted inPolitics & Society, Short Take
New York loses Amazon, but good governance wins
New York is sending a message that some public officials are no longer willing to play the tax break game, even with giants like Amazon. The rest of the nation should be grateful.
Posted inNews Analysis, Politics & Society
Are the U.S. and China engaged in a trade war? Depends on whom you ask.
The press in China does not make any mention of an impending “trade war”—only trade frictions.