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 which the Chinese approach has been delivering the more robust economic result. Indeed, implicit in […]
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 for 2019 has grown to $1.2 trillion, in large part because of a boisterous round […]
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 America great again. But, while strong equity markets are certainly a Good Thing, let’s not […]
“[a] surprisingly modest account…Rattner has a journalistic talent for the telling detail, resulting in a memorable tale of life in the middle of the economic meltdown...Rattner deftly draws portraits of the inhabitants of "the Oval" and the West Wing...Rattner has proved himself a gifted chronicler.”
-Time Magazine
