Originally appeared in the New York Times. Bemoaning the worrisome state of liberal democracy has become a cottage industry. With each erosion of individual liberties, with every election gone awry, the commentariat disgorges a fresh flotilla of analyses of the world’s … Continue reading →
Originally appeared in the New York Times. Even by Trumpian standards, the president has been in high dudgeon this week, railing about everything from illegal immigrants to unfair Chinese trade practices. For that, at least some Trump watchers blame his … Continue reading →
Originally appeared in the New York Times. President Trump’s attacks on Chinese trade practices may be garnering the headlines, but underpinning that dispute lies a more consequential struggle, between liberal democracy and state-directed capitalism. Of late, it’s a competition in … Continue reading →
Originally appeared in the New York Times. In August 2015, the leading Washington budget watchdog predicted that the federal deficit would total about $600 billion the next year. Now, just about two and a half years later, the projected gap … Continue reading →
Originally appeared in the The New York Times. Hardly a day goes by without President Trump tweet-bragging about the relentless rise of the stock market to fresh record highs — Exhibit A in his mind about how he is, indeed, making … Continue reading →
Originally appeared in The New York Times. The overbearing persona of President Trump dominated 2017. From his angry early morning tweets to the stain of corruption bleeding into his administration to the sharp rightward tilt in his governing philosophy, Mr. … Continue reading →
Originally appeared in the The New York Times. In my career, I have been a substantial beneficiary of the so-called “carried interest” loophole, the tax provision that provides an indefensibly lower tax rate on profits earned by private equity investors, hedge … Continue reading →
Originally Appeared in The New York Times. Perhaps not surprisingly, President Trump seemed to treat the appointment of a new head of the Federal Reserve — arguably the most important personnel decision he has faced — a bit like a season … Continue reading →
Originally appeared in the The New York Times. Repeal-and-replace may be done for now, but for Senator Bernie Sanders, the war is just beginning — and it has already become a fracas that is dividing the Democratic Party, to its … Continue reading →
Originally Appeared in The New York Times. The Congressional Budget Office never exuded sex appeal, at least not until recently. Its bland office building, which sits unobtrusively by a freeway in southwest Washington, houses an often-overlooked assemblage of wonkish economists … Continue reading →
