Economic Policy

The International Monetary Fund casts itself as valiant superhero, swooping in to rescue troubled countries from self-inflicted financial disaster. In fact, the demands for austerity it has recently imposed on fundamentally sound economies in Asia and elsewhere have made their problems much worse.

Contrary to the conventional view among economists, the shares of national income going to capital and labor have shifted. Capital’s gain has been labor’s loss.

It would be nice if the Dodgers returned to Brooklyn and if the economy grew faster than 2.3 percent. But neither of these things is in the offing.

It seemed appropriate to begin my series of modest screeds with a short pre- snake person analysis of where power is moving to in America. Here’s who’s losing it: Giant corporations and their CEOs. They’ve made money in the current expansion, but they’re losing clout. Vast industrial- age bureaucracies can’t move fast enough. All are […]

T he Advisory Commission on Intergovernmental Relations (ACIR) is probably one of the least known victims of federal downsizing, but the effect of its elimination at the end of September 1996 was significant. Without the ACIR, local, state, and federal officials have less contact with each other, and there is a shortage of data about […]