Let’s be honest, quite a few Americans love a good war, especially those Americans who have never had to bear witness to one first hand. War is the ultimate tribally vicarious experience. Anyone, even pudgy armchair generals with deep-seated feelings of...

I blame myself. As Ball recently showed, the warning signs were there. Ever since 2003 Bernanke was increasingly absorbed into Fed-think, which doesn’t allow for price level or NGDP commitments that might later embarrass the Fed. PS. After I completed...

Easily accessed evidence proves Mr. Krugman wrong. Here, for example, is economist Steven Horwitz: “the real size of government spending in 1933 was almost double that of 1929. The budget deficits of 1931 and

Tehren is likely to increase these terrorist activities, based on the belief that nuclear weapons could provide an umbrella and that its regional enemies are weak and irresolute, says Stephen Blank. Thomas Edsall asks: What if the legitimacy of free...

The Big Story: A Surplus of Yawns President Obama’s budget , which includes $24 billion in cuts, sets off an election year fight. Here’s a good summary. The Calafia Beach Pundit says that fiscal austerity might not be so bad after all (Paul Krugman...

John Bates Clark Medal—an honor bestowed biennially on the American economist under 40 who has made major contributions to his profession—you’ve already taken home a piece of hardware considered by many economists to be slightly harder to win than a...