The proposition is about as outlandish as it sounds: Everything we know about modern economics is wrong. And the man who says he can prove it doesn’t have a degree in economics. But Ole Peters is no ...

I read “Searching for Capitalism in the Wreckage of Globalization” with more frustration than surprise. Oren Cass’s argument consists, roughly speaking, of two parts. The substance of both parts ...

Most people like new stuff more than they like paying for it. Poll a few thousand Americans about whether they'd enjoy having a BMW, and most would probably say yes. Ask how they'd feel if told it ...

Most economists subscribe to a belief in “positive economics,” which means that economic theory flows from economic data. Thus, all theory can be tested for ...

Congress has authorized $6 trillion in deficit spending to defeat the coronavirus. That’s more than the United States spent fighting World War II, when $4 trillion of government spending released the ...

Once upon a time, not that long ago actually, the federal deficit and national debt mattered. In 2008, then-presidential candidate Barack Obama said, “We’re just taking out a credit card from the Bank ...

Discover how Keynesian economics can stabilize economies by mitigating boom-bust cycles, as pioneered by John Maynard Keynes ...

President Biden’s plan to flood Americans with nearly $2 trillion in coronavirus aid could come to a House vote early next week. Odds are decent it will also pass in the Senate. Nearly $2 trillion.

Mauricio Bugarin is full professor of economics at the University of Brasilia and visiting scholar at Vanderbilt University. According to the Worldometers real-time statistics organization, by Oct. 1, ...