Econ Comments & Analysis
Real Clear Markets | Government Fixes Have Created Long-Term Instability
As a tool for analyzing and influencing the economy, is the business cycle outdated? Yes, says the Bank for International Settlements (BIS) in Basel, Switzerland. Unless you're deep into today's economic debates, you've probably never heard of the BIS. But its annual reports - the latest is just out - are eagerly awaited because the BIS plays an informal role as loyal opposition to mainstream economics. This year is no different.
Mercatus | There is a Way Out for States Trapped in the Pension Sinkhole
Detroit--desperately trying to reduce its obligations in federal bankruptcy court--is the classic example. But the financial sinkhole swallowing Detroit is spreading throughout the country at an alarming rate.
