“We can now say with confidence the recovery’s weakness had nothing to do with Obama’s alleged anti-business slant”

Last week we got an actually good employment report – arguably the first truly good report in a long time. The US economy added well over 300,000 jobs(...)

German chancellor Angela Merkel and German minister of finance Wolfgang Schaeuble. EPA/RAINER JENSEN

The US economy seems to be climbing out of the hole it entered during the financial crisis. Unfortunately Europe can’t say the same. Unemployment in t(...)

The US Federal Reserve in Washington, DC. ‘We were also told repeatedly that printing money would lead to ‘currency debasement and inflation’. The Fed, to its credit, stood up to this pressure, but other central banks didn’t.’ Photograph: Andrew Harrer/Bloomberg

Six years ago the Federal Reserve hit rock bottom. It had been cutting the federal funds rate, the interest rate it uses to steer the economy, fran(...)

Surely the exploding costs of Obamacare would lead to vast amounts of red ink, right? Well, no. Photograph:  Chip Somodevilla/Getty Images

The great American Ebola freak-out of 2014 seems to be over. The disease is still ravaging Africa, and as with any epidemic, there’s always a risk of (...)

The Affordable Care Act tries to establish more-or-less universal coverage through a “three-legged stool” of policies, all of which are needed to make the system work

My parents used to own a small house with a large backyard in which my mother cultivated a beautiful garden. At some point, however – I don’t remember(...)

 Ben Bernanke had the courage to defy all those tycoons demanding that they stop printing money. Photograph: Reuters/Jim Young

The Bank of Japan, the country’s equivalent of the Federal Reserve, has lately been making a big effort to end deflation, which has afflicted Japan’s (...)

You can get a sense of the ideology at work in some of the documents produced by House Republicans under the leadership of Paul Ryan. Photograph: Aaron Bernstein/Reuters

America used to be a country that built for the future. Sometimes the government built directly: public projects, from the Erie canal to the interstat(...)

Amazon overwhelmingly dominates online book sales, with a market share comparable to Standard Oil’s share of the refined oil market  in 1911. Photograph:  Sean Gallup/Getty Images

Amazon. com, the giant online retailer, has too much power, and it uses that power in ways that hurt America. Okay, I know that was kind of abrupt. Bu(...)

German chancellor  Angela Merkel. “In Europe austerity policies have been driven less by economic analysis than by Germany’s moral indignation over the notion that irresponsible borrowers might not face the full consequences of their actions.” Photograph: Krisztian Bocsi/Bloomberg

Stop me if you’ve heard this before: the world economy appears to be stumbling. For a while things seemed to be looking up, and there was talk abou(...)

Sen Rand Paul: “When is the last time in our country we created millions of jobs? It was under Ronald Reagan.” Photograph: Alex Wong/Getty Images

Even if Republicans take the Senate this year, gaining control of both houses of Congress, they will not gain much in conventional terms: they’re a(...)