America Should Rescind the Ban on Crude-Oil Exports AS a young reporter covering energy for The New York Times, I saw firsthand the distortions and inefficiencies caused by the web of regulations that followed the Arab oil embargo of 1973-74, … Continue reading →
JUST over 50 years ago, the cover of Life magazine breathlessly declared the “point of no return for everybody.” Above that stark warning, a smaller headline proclaimed, “Automation’s really here; jobs go scarce.” As events unfolded, it was Life that … Continue reading →
Originally published in the New York Times. AFTER years of post-recession somnolence, corporate takeovers and mergers have ballooned to their highest level since 2007, fueled in part by American companies’ fleeing the United States to save tax dollars. Gaming the … Continue reading →
Originally published in the New York Times. RETIREMENT is a financial obligation that today’s younger generations are not handling well. That may be through no fault of their own — they suffer from lower incomes, after being adjusted for inflation, … Continue reading →
The European financial crisis may have disappeared from the front pages of American newspapers, but the Continent’s economic challenges remain worrisome. Most fundamentally, Europe is mired in a slow-growth rut with little sign of either sensible policy initiatives or the … Continue reading →
WITH metronomic regularity, gauzy accounts extol the return of manufacturing jobs to the United States. One day, it’s Master Lock bringing combination lock fabrication back to Milwaukee from China. Another, it’s Element Electronics commencing assembly of television sets — a … Continue reading →
Originally published in the New York Times. Looking back on 2013, many of the economic and political themes seemed familiar: a weak economy. Growing income inequality. Gridlock in Washington. Partisan wrangling over fiscal policy. But others, like the disastrous rollout … Continue reading →
Originally published in the New York Times IF you’ve been wondering whether it’s possible to regularly beat the stock market averages — a natural question with the market at an all-time high — you didn’t get any guidance from the … Continue reading →
Originally published in the New York Times The government shutdown and debt ceiling crisis inflicted a toll on the American economy, but that cost is only a fraction of the total damage that the federal government has been causing to … Continue reading →
New York Times
Let me start by getting the disclosure stuff out of the way. I’ve known Larry Summers for 20 years and have watched with particular interest as his multifaceted career has unfolded. More recently, I worked for him in the Obama administration, when he was director of the National Economic Council and I was the lead adviser on the auto bailout. Continue reading →
