Chief economics commentator for The Wall Street Journal. Author of Foolproof, an exploration of financial crises, disasters, risk and safety.
1/ As CEA Chairman Kevin Hassett published research on the opioid epidemic, homelessness, youth sports, military spouses, reskilling, wages. His policy prescriptions can and should be debated ...
From the strongest job market in a generation to pandemic and protests: an epic reversal of fortune for African Americans highlights longstanding vulnerabilities. My column.
“I’m not spending as much money, I feel like my mental health is better, I’m not stressed with the commute." Some people working form home don't want to go back to the office, @HarrietTorry reports, with data from @Upwork @ModeledBehavior
Covid-19 buys us time on climate change. Alarming scenarios for Co2 emissions & temperature, i.e. RCP 8.5, look much less likely. But we're still far from achieving the necessary reduction in emissions. latest column:
Incorrect. Over course of Obama's two terms, quarterly growth exceeded 2% (annualized) 17 times, 3% eight times, 4% three times, and 5% once. (This is apples to apples; the GDPNow figure is also a quarterly figure, annualized.)
Great piece by @acampoflores and @learyreports into how Florida avoided devastating infection wave w/o state stay at home order. Key: city/county orders and individual/business behavior delivered de facto statewide stay at home order.
Japan is defying its demographic destiny. Since 2012, working age pop is down 4.7mn, but employment is up 4.4mn. How? by recruiting millions more elderly, female and foreign workers. Big & positive lessons for an aging world. My article:
Epidemiologists and economists aren't at odds. One measures the benefit of social distancing, the other costs. Their results show it's worth it. The challenge now: improve the tradeoff by identifying measures that cost less per life saved. My column.
The world should watch Brexit as a test case in deglobalization. The results so far are sobering: without a single tariff going up Brexit is clearly extracting a price. My column:
JP Morgan: "Trump’s average budget deficits through 2020 would rival Obama’s, but without the justification of a global financial crisis."
With U.S. natural pop. increase lowest since 1790, cutting immigration flows now esp bad for growth. My column.