Robert J. Samuelson / Politics

Echoes From the 1920s

"The nation of which [Warren G.] Harding became president was not happy, and forces were underway which seemed likely, unless arrested, to bring more serious unhappiness."

-- journalist Mark Sullivan, 1935

WASHINGTON -- As Harding took ...

America's Giant Welfare State

WASHINGTON -- We Americans pride ourselves on not having a "welfare state." We're not like Europeans. We're more individualistic and self-reliant, and although we may have a "social safety net" to protect people against unpredictable personal and ...

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 ...