A Republican Senate Would Be Bad for Business

So the blue wave fell short of expectations. Joe Biden will be the next president, but unless Democrats pull off an upset in the Georgia Senate runoffs — which, to be fair, they might, given the remarkable strength of their organizing efforts there — Mitch McConnell will still be the Senate majority leader. Big business […]

Is America Becoming a Failed State?

As I write this, it seems extremely likely that Joe Biden has won the presidency. And he clearly received millions more votes than his opponent. He can and should claim that he has been given a strong mandate to govern the nation. But there are real questions about whether he will, in fact, be able […]

The War on Truth Reaches Its Climax

I began writing a column for The Times way back in 2000. My beat was supposed to be economics and business. But I couldn’t help noticing that one of that year’s contenders for the presidency was systematically making false claims about his policy proposals. George W. Bush kept insisting that his one-percent-friendly tax cuts were […]

Trump Tells Coronavirus, ‘I Surrender’

As we head into the final stretch of the election, Covid-19 is on a roll. Coronavirus cases keep hitting records — among other things, five aides to Vice President Mike Pence have tested positive. Hospitalizations, which lag behind cases, are soaring. And deaths, which lag even further behind, are starting to rise, too. Put it […]

How Many Americans Will Ayn Rand Kill?

A long time ago, in an America far, far away — actually just last spring — many conservatives dismissed Covid-19 as a New York problem. It’s true that in the first few months of the pandemic, the New York area, the port of entry for many infected visitors from Europe, was hit very hard. But […]

Why Biden Will Need to Spend Big

What should Joe Biden’s economic policy be if he wins (and Democrats take the Senate, so that he can actually pass legislation)? I’m pretty sure I know what his economists think he should do, but I’m not equally sure that everyone on his political team fully gets it, and I’m worried that the news media […]