If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.

Predicting recessions is indeed a dark art, but I think we are several years away from the next one.

The discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future.

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.

They called me the sexiest economist in America, and that was years ago, when I had hair and body mass and my teeth were shiny.