Comment & Share

THE BREAKTHROUGH AMERICAN infrastructure of the early 19th century was the Erie Canal, which connected the Midwest farm belt with the Port of New York and the eastern seaboard. In the second half of the 19th century, the railroad offered the next infrastructure revolution by connecting the two oceans and the continent in between. In the [...]

Read More, Comment & Share

The recent European Commission order to Ireland to collect $14.5 billion in back taxes from Apple Inc. has led to outcries from Apple, Ireland, and theUnited States government. Apple, of course, defends its aggressive tax avoidance schemes. Ireland defends its tax-haven status. And the U.S. government claims the money may actually be owed to the U.S. rather than [...]

Read More, Comment & Share

September 19th, 2016

Decoding the federal budget

There is nothing more important for our economic future — or less understood — than the federal budget. It allocates around 20 percent of our national output to such crucial priorities as health, education, science, the environment, and national defense. It determines, to a large extent, the extent of suffering from poverty and even the [...]

Read More, Comment & Share

Over the next several weeks, I will explore the economic choices facing the United States and its relations with the rest of the world. The election season obviously makes this timely, yet the real choices facing our country will not be settled in November. The debates will take place over many years. We had best [...]

Read More, Comment & Share

August 31st, 2016

America’s True Role in Syria

Syria’s civil war is the most dangerous and destructive crisis on the planet. Since early 2011, hundreds of thousands have died; around ten million Syrians have been displaced; Europe has been convulsed with Islamic State (ISIS) terror and the political fallout of refugees; and the United States and its NATO allies have more than once [...]

Read More, Comment & Share

Comment & Share

August 1st, 2016

Sputtering US economy

Comment & Share

Around the world, people are calling for a new kind of globalization. The current version, once called the Washington Consensus, has delivered economic growth but at enormous cost: rising inequalities of income, massive environmental destruction, and growing lawlessness. The search is on for a new approach, sometimes called sustainable development, to ensure that economic growth [...]

Read More, Comment & Share

July 11th, 2016

Why ISIS Persists

Deadly terrorist attacks in Istanbul, Dhaka, and Baghdad demonstrate the murderous reach of the Islamic State (ISIS) in Europe, North Africa, the Middle East, and parts of Asia. The longer ISIS maintains its strongholds in Syria and Iraq, the longer its terrorist network will create such carnage. Yet ISIS is not especially difficult to defeat. [...]

Read More, Comment & Share