Robert J. Samuelson / Politics

Climate Realities

WASHINGTON -- The United States-China agreement on climate change is a huge political triumph, possibly "historic," as its supporters say. Whether it much alters the world's climate is a more open question.

Recall the agreement's outlines. By ...

The Twilight of Democratic Capitalism?

WASHINGTON -- It must be obvious by now that we are experiencing something greater than the routine frustrations of the business cycle and the normal political discontents of democracies. There is, as political scientist William Galston writes in ...

Why We Can't (Or Won't) Govern

WASHINGTON -- We Americans are increasingly given to political escapism. Regardless of our place on the political spectrum -- Republican or Democrat, liberal or conservative -- we prefer self-serving fictions to messy realities. We avoid unpopular...

Another Stock-Market Bubble?

WASHINGTON -- Without QE, will the stock market tank? Count me a skeptic.

QE refers to "quantitative easing," the Federal Reserve's multitrillion- dollar program of bond buying that is now ending. I recently devoted a column to whether QE worked ...

The Fed's Bond Buying Enigma

WASHINGTON -- The Federal Reserve has ended its roughly $3.7 trillion program of bond buying, leaving in its wake a host of hard questions. Did it strengthen the economic recovery? If so, by how much? What are the long-run effects? Should it be ...

Stagnant Wages (cont'd)

WASHINGTON -- I recently wrote about sluggish and stagnant wages, which are said to weaken the economy's recovery. I argued that workers' fear of losing their jobs is an important -- perhaps decisive -- explanation. In a nutshell: Frightened of ...