Coronanomics 101 Remember “too big to fail,” the rationale for the government’s bailout of banks and large corporations during the 2008-09 Global Financial Crisis? Doing so was challenged as creating an unacceptable “moral hazard,” the danger that American companies thereafter would rely on the government...
This Time is Different – A Redux As Mark Twain reputedly said, “History doesn’t repeat itself, but it often rhymes.” Is history repeating itself today? Or is it merely rhyming? Economists and historians make their livings based on the maxim that cycles – whether economic, social or...
Education in the Time of Covid-19 America became the greatest nation on Earth because America’s educational system was the best on Earth … from elementary school through high school, at the college level and at postgraduate levels, for private as well as for public schooling. Uniform...
America’s Forthcoming Foreign Policy Crisis “We’ve got a health crisis and an economic crisis. The only thing missing is a foreign policy crisis.” – Robert Kagan, Washington Post, March 27, 2020. Not so fast, Mr. Kagan. All the ingredients for a foreign policy crisis are...
Winter Has Come It’s Economic Winter in America … and it’s cold. How much colder might it get? Very cold indeed! In a period of 4 short weeks, a sudden Covid-19 medical and economic blizzard dumped record “snowfalls” on Washington State, California, New York, Illinois, Florida, the...
