President Biden unveiled his 2024 budget on Thursday and while the plan has no chance of being enacted by a divided Congress, it provides a useful point of comparison to Republican ideas that have been mooted in recent weeks. (While the Republicans have yet to release a formal budget proposal, the Republican Study Committee, which […]

China has been hinting at sending military aid to Russia and President Biden has been responding by threatening “serious sanctions” if China did so. But, realistically, it’s not clear what we would – or could – do to punish China, given how intertwined our two economies are. China’s rise as our largest trading partner has […]

Rep. Marjorie Taylor Greene garnered headlines this week when she repeated calls for a national divorce. But she is not alone in that view. A 2021 poll found, for example, two-thirds of southern Republicans in favor of such a split. Another poll, later that same year, had 52% of Trump-voters in favor. What Ms. Greene […]

While most of the developed world (notably, the United States) displays continued economic growth, Great Britain continues to lag, with a mix of villains behind its poor performance.     Covid and inflation notwithstanding, every other major country has been able to eke out at least a modicum of economic growth since the pandemic struck […]

Last Friday’s extraordinary jobs report was just the latest in a string of recent data that show a strong economy, including signs of moderating inflation. In addition to the good news on jobs, the most recent report on overall economic activity showed that real gross domestic product grew at a 2.9% annual rate in the […]