Matt “The Rational Optimist” Ridley highlights an interesting new study by Oxford climate scientists on climate sensitivity to carbon dioxide emissions: It uses the most robust method, of analysing the Earth’s heat budget over the past hundred years or so, to … read more
By the early 2020s, entitlement spending will likely drive ever larger US budget deficits. In 2023, for instance, so-called mandatory outlays will be 14.1% of GDP, a percentage point higher than today. And another decade out, they could equal nearly … read more
The economic team at the New York Fed offers a pretty darn rosy forecast for next year: 3.6% GDP growth (vs. 2.3% in 2014) with the economy adding a whopping 302,000 net new jobs a month (vs. 144,000 in 2014) … read more
First a story: Not so long ago, I chatted with a top Senate GOP staffer who had seen me mentioned in a Politico story about the divide between conservative wonks and Republican politicians. (As reporter Jonathan Martin put it, “Conservative … read more
Walter Russell Mead outlines two possible futures for middle-class Americans: one where most of us lose “the race against the machine,” the other where smart government policies enable an eventual successful transition to an economy where IT and robots do … read more
Also of Interest
Bernanke’s much-needed optimism
It’s hardly an encouraging sign of a nation’s economic vitality when its most optimistic policymakers are its central bankers.
The IRS and big government
The expanding Internal Revenue Service scandal could hardly be any more Drudgeriffic.
Ferguson's blooper on Keynes
It was an unusually feisty weekend in corners of the blogosphere and Twitterverse where dwell economists and economic-policy wonks.