Clive Crook

03/26/2015 - 8:39pm

    Every central bank tries to steer expectations about monetary policy. If businesses and consumers expect the Federal Reserve to let inflation surge out of control, the chances are fair that inflation will surge out of control. If they expect the Fed to keep inflation on track, inflation is more likely to...

03/05/2015 - 6:58pm

    There are two main lines of analysis about Germany's role in the European Union. The first, favored by populist euro-skeptic politicians, is that Germany seeks to reverse the setbacks of the 20th century and rule Europe by other means. The second,...

02/19/2015 - 9:36pm

    John Williams, president of the Federal Reserve Bank of San Francisco, gave a good interview to the Financial Times this week. Williams is seen as a moderate on monetary policy, a centrist on the dove-hawk spectrum. He thinks the economy is now close to...

02/05/2015 - 6:57pm

    A prediction for you: Greece and the European Union will split the difference in their quarrel over debt relief. What's uncertain is how their respective governments will justify the new deal, and how much damage they'll inflict on each other before...

01/29/2015 - 11:39pm

    Many of the tax proposals in the White House plan released this week make good sense -- and you don't need to be a liberal to think so. President Barack Obama could easily have pitched them in a way that appealed to fiscal conservatives. He pitched them...

12/24/2014 - 4:28pm

    The reaction to the Senate report on the Central Intelligence Agency's torture program has been almost as depressing as the report itself - which is saying something. There's been impotent outrage from people you'd expect to be outraged; lame...

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