Ben Bernanke was Time magazine’s Person of the Year for 2009. A decade earlier, the magazine proclaimed Alan Greenspan, Robert Rubin and Lawrence Summers ‘The Committee to Save the World,’ when they were, respectively, Federal Reserve board chair, treasury secretary…
China will face some bumps on road to economic dominance
Some time in the future, the economy of China will surpass that of the United States. No one knows exactly when, since projecting growth rates decades into the future is risky. But it may not happen as soon as some…
2010 bound to be significant to economy
This year will be important in U.S. economic history even though we don’t yet know why. It will be so simply because the events that occurred between June 2007 and the present were momentous ones stemming from fundamental forces that…
It’s the GOP’s turn to flip-flop on health care
Flip-flopping is an equal-opportunity sport in American politics. This time, it seems to be the Republicans’ turn. Congressional Republicans have opposed the Obama administration’s health care bill because it will increase the federal government’s role in U.S. health care and…