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Sexism Clouds the Fed Succession Saga

The favored parlor game of the political-economic complex right now is guessing who will replace Ben Bernanke as chairman of the Federal Reserve. The clear front-runner is Federal Reserve Vice Chairman Janet Yellen. But she’s by no means a sure thing. One important reason she’s not — and I don’t know another way to say […]

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Obama’s Big Problem Is Obama

For the White House, immigration reform perfectly encapsulates the most frustrating reality of President Barack Obama’s second term: If it’s to be a success, Obama needs to stay out of the lawmaking process. That’s the message he’s gotten from Democratic and Republican legislators alike. In the New Yorker, Democratic Senator Robert Menendez of New Jersey […]

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Who Killed Equality?

There are two main schools of thought on income inequality: The fatalists, who contend that rising inequality is the ineluctable result of a changing economy, and the redistributionists, who blame a skewed tax system and lethargic government. Perhaps it’s time to consider a third. The fatalist case rests on technology: As we replace human toil […]

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How U.S. Politics Was Hijacked by Partisans

Power has devolved to the people. And the people hate it. In his book “Disconnect: The Breakdown of Representation in American Politics,” Stanford University political scientist Morris Fiorina considers this “the great irony” of American politics: that the more Americans participate in their political system, the angrier and more disillusioned they become. We have met […]

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One Way Obamacare May Already Be Working

There was a time when all anyone in Washington wanted to talk about was “bending the health-care cost curve.” Forget covering the uninsured — the ultimate test of the Affordable Care Act would be the trajectory of health-care costs. But Washington has a short memory. That whole “curve” thing was years ago. Meanwhile, we’ve turned […]

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Why Obama’s Scandals Won’t Lead to Reform

Put aside the politics, and the question of who-knew-what-when. There are two policy problems highlighted by the controversies at the Internal Revenue Service and the Department of Justice. The first is the growth of 501(c)(4) groups into vehicles for anonymous and unlimited political spending. The second is the Barack Obama administration’s overzealous prosecution of leaks. […]

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