January 2009

Deficits, Debt and Looming Disaster

With government deficits and debt at record highs, the long-term fiscal outlook for the U.S. requires serious attention, most agree. The fix is most likely going to have to start with fundamental reforms of entitlement programs.

The Fed as a Super Regulator

If given broader regulatory authority, the Fed will probably face new challenges in executing its traditional responsibilities and in preserving its independence against political pressure.

Economic Theory Meets Sports

Satisfying a need to get out in the field, some economists are studying sports. Their topics have included racism in the NBA, coaches’ maximization of their chances of winning, and the direction that soccer players and goalies should move during penalty kicks.