If recent government spending leads to a sustained surge in inflation, the Federal Reserve could be forced to raise interest rates and potentially deny low-wage workers the benefits of a sustained economic expansion, explains Michael Strain.
Yuval Levin writes that we need to recognize and openly acknowledge that our election system works well and produces legitimate, reliable results — even when our party loses.
What policies can lawmakers pursue to help the economy recover from the COVID-19 pandemic? As debate continues, Richard Burkhauser, Kevin Corinth, and Douglas Holtz-Eakin point out lessons to learn from the Great Recession.
Despite reforms, the Pentagon and Congress have failed to break out of a Cold War, central-planning model that has stifled innovation, writes William Greenwalt. A radical overhaul of the entire defense management system is now required. Time is of the essence.
Critics of the Constitution have often complained that its elaborate network of checks and balances undermines democratic accountability and stifles true republican government. They have failed to appreciate that the founders designed the system to secure consensus, explains Jay Cost.
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