The New Yorker’s John Cassidy argues the United Kingdom has provided a natural experiment disproving the “efficacy of austerity economics.” His proof: Last week, George Osborne, the chancellor of the ...

Allison Schrager is a Bloomberg Opinion columnist covering economics. A senior fellow at the Manhattan Institute, she is author of “An Economist Walks Into a Brothel: And Other Unexpected Places to ...

We all understand why Russia is waging economic war on the Ukraine, but why is Obama doing so? The New York Time’ web site has posted a remarkable Reuters story (dated April 5, 2014) entitled “Ukraine ...

A big reason most tea party Republicans — and there were exceptions, unfortunately — didn’t fear a debt ceiling crisis was not because they thought default inconsequential. They realized missing debt ...

Lawrence Summers, who served as Bill Clinton’s Treasury secretary, rocked the Democratic establishment last year by predicting that his party’s excessive spending would cause inflation. He was right.

To understand the populist revolt against free trade and other pillars of mainstream economics—a revolt that U.S. President Donald Trump harnessed to his political ambitions with remarkable skill—one ...

Austerity in the U.K. is here to stay. The Bank of England has warned that the country is facing the longest recession since records began, predicting that the economic slump will extend well into ...

Tens of thousands of young people — and many older ones, too — gather in the main square of the capital, driven to protest by the despair of unemployment and a social system that cannot meet their ...