Robert J. Samuelson / Politics

The Global Debt Trap

WASHINGTON -- Six years after the onset of the financial crisis, the world still has too much debt. The total in 2013, according to the McKinsey Global Institute, came to about $186 trillion. This includes government debt, corporate bonds and ...

Women Join the Top 1 Percent

WASHINGTON -- Everyone knows that economic inequality has increased dramatically since the 1970s, and this has created a new cottage industry: dissecting "the top 1 percent." We now have a study from three economists that broadens what we know ...

Why the world economy sputters

WASHINGTON -- It's become a dreary ritual. Every six months, the International Monetary Fund (IMF) forecasts the global economy -- and cuts its previous forecast. Despite an army of economists, all of its forecasts since 2011 have been too ...

Progress, Anyone?

WASHINGTON -- Progress has lately gotten a bad rap, because there seems to be so little of it. Violence wracks the Middle East; economies are sputtering; Ebola strikes fear. But if you step back a bit, there's plenty of progress. We ought to ...

The Triumph of Muddle-Nomics

WASHINGTON -- I have been reading Martin Wolf's "The Shifts and the Shocks," a detailed analysis of the 2008-09 financial crisis and its aftermath. Wolf is the chief economic columnist of the Financial Times, an English paper with a global ...

The Lehman Brothers Mystery (cont'd)

WASHINGTON -- The New York Times had a fascinating story the other day, which again raises a crucial historical question about the financial crisis: Did Lehman Brothers have to go bankrupt in September 2008? Lehman's failure turned what had been a...