In January, James Kwak wrote about how basic economic principles can be applied to public policy in misleading ways. A…
When it comes to basic policy questions such as the minimum wage, introductory economics can be more misleading than it is helpful.
The president-elect's control over conventional economic policy could be worth more money than any conflict of interest.
It’s as though there’s a separate set of laws for people with extreme amounts of wealth.
Many asset-management companies fear a program that would reduce something they depend on: consumers’ confusion.
It’s not just Aetna: The way Obamacare handles the excessive costs of treatment simply doesn’t work.
She’s proposing tweaks when it needs an overhaul.
Obama's failed proposal to eliminate 529 plans illustrates the current state of American taxation: Reforms that benefit the middle class at the expense of the wealthy will never pass.
This past weekend's This American Life/ProPublica report confirms the worst of what many already suspected: The New York Fed has little independence from the industry it is supposed to control.
The conventional wisdom is that revoking a large bank’s license can trigger potential systemic consequences. But that's not the case here.
The Justice Department has successfully convicted dozens of bankers for insider trading. But the big banks did something much worse and got away with it.
The belief that every human problem can be solved with software forgets the human element inside all software.
Lavishing executives with $20 million—or $100 million—is pointless and wasteful, whether the CEOs live in the Financial District or Mountain View.
The lesson of JP Morgan’s historic resilience (and, now, record fine) is that its leader turned out to be painfully mortal, all along
Why haven't we destroyed the idea that destroyed the world?
Behold the power of plausible deniability.
Do you want Boeing deciding if its airplanes are safe? Or JPMorgan deciding if its bets are sensible?
We have more than enough money to protect Social Security. It's just going to the wrong people: private savers.
Why reducing retirement benefits to pay down the deficit is a terrible idea
Or, to be more precise, the mutual fund company that oversees your 401(k) plan is out to get you.