Paul D. McNelis, S.J., is America’s contributing editor for economics and professor emeritus of finance at the Gabelli School of Business at Fordham University, in New York City.
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.
Refusing to raise the cap on our national debt would not lead to reduced government spending. But it would endanger economies all over the world.
We can't let inflation go unchallenged. President Biden is running out of time before investment dries up because of confusion and fear.
Inflation, infrastructure, Build Back Better: How should we judge the economy during Biden’s first year?
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.
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.