Robert J. Samuelson / Politics

The Economy's Achilles' Heel

WASHINGTON -- President Obama has declared the economic crisis over -- and for the United States, maybe it seems that way. But most other countries, not so much. Their recoveries are faltering. The obvious question is whether the global weakness ...

Reagan, Volcker & Krugman (Part 2)

WASHINGTON -- A week ago, I wrote a column taking issue with Paul Krugman's contention that President Reagan had little to do with the decisive crushing of double-digit inflation of the early 1980s. In Krugman's telling, all the credit belongs to ...

Why Wages Lag

WASHINGTON -- The great wage mystery deepens. In economic recoveries, there usually comes a time when strong job gains lead to strong wage gains. Businesses must pay more to recruit and retain the workers they need. Not this time -- or at least ...

"Dynamic" Deceptions

WASHINGTON -- The dustup over "dynamic scoring" is a small indicator of the routine irrelevancy of Washington's budget debate. Instead of facing the real issues -- how much we should spend, on what, who should be taxed and how much -- Republicans ...

Volcker, Reagan & History

WASHINGTON -- It's important to get history right -- and economist and New York Times columnist Paul Krugman has got it maddeningly wrong.

Krugman recently wrote a column arguing that the decline of double-digit inflation in the 1980s was the ...

Europe's Unending Crisis

WASHINGTON -- The European economic crisis refuses to go gently into the night. As 2015 opens, Europe represents "the biggest economic threat" to the fragile global recovery, as The Economist magazine puts it. Few would dispute this assessment. ...