Former US treasury secretary Henry Paulson called for a national tax on carbon emissions to encourage conservation. Photograph: Manuel Balce Ceneta/AP Photo

On Sunday, Henry Paulson, the former US treasury secretary and a lifelong Republican, had an op-ed article about climate policy in the New York Times.(...)

US president Barack Obama. “In terms of policy substance Obama is having a seriously good year. In fact, there’s a very good chance that 2014 will go down in the record books as one of those years when America took a major turn in the right direction.” Photograph: Reuters/Kevin Lamarque

Several times in recent weeks I have found myself in conversations with liberals who shake their heads sadly and express their disappointment with Pre(...)

The real war on coal, or at least on coal workers, took place a generation ago, waged not by liberal environmentalists but by the coal industry itself. And coal workers lost. Photograph: Michaela Rehle/Reuters

There are three things we know about man-made global warming. First, the consequences will be terrible if we don’t take quick action to limit carbon e(...)

French economist and academic Thomas Piketty’s best-selling Capital in the Twenty-First Century has attracted praise and invective alike. Photograph: Reuters

A while back I published an article titled The Rich, the Right, and the Facts, in which I described politically motivated efforts to deny the obvious (...)

Paul Ryan likes to warn that Europe’s social safety net became  a “hammock” that undermined initiative and encouraged dependency. Photograph: Rick Wilking/Reuters

I’ll be spending the next couple of days at a forum sponsored by the European Central Bank whose de facto topic – whatever it may say on the progra(...)

US President Barack Obama with then treasury secretary Tim Geithner in the East Room of the White House in January 2013 . Photograph: AFP

By any normal standard, economic policy since the onset of the financial crisis has been a dismal failure. It’s true that we avoided a full replay of (...)

Karl Marx: Obamacare and climate change policy are among the initiatives branded ‘Marxist’ by US conservatives. Photograph: Henry Guttmann/Getty Images

Everywhere you look these days you see Marxism on the rise. Well, okay, maybe you don’t – but conservatives do.If you so much as mention income inequa(...)

“Nobody can make Obamacare work,” declared Eric Cantor, the House majority leader, a couple of weeks ago (when it was already obvious that it was working pretty well). Photograph: Amos Ben Gershom GPO via Getty Images

House Republicans released a deliberately misleading report on the status of health reform last week, crudely rigging the numbers to sustain the illus(...)

Rancher Cliven Bundy, who became a right-wing hero after refusing to pay fees for grazing his animals on federal land. Photograph: David Becker/Getty Images

It is, in a way, too bad that Cliven Bundy, the rancher who became a right-wing hero after refusing to pay fees for grazing his animals on fede(...)

Stockholm, Sweden. Swedish unemployment stopped falling soon after the rate hikes began. Deflation took a little longer, but it eventually arrived. The rock star of the recovery has turned itself into Japan.

Three years ago Sweden was regarded as a role model in how to deal with a global crisis. The nation’s exports were hit hard by slumping world t(...)