Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.

Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

What Republicans have actually put on the table is almost nothing. All of the rest is just big talk. So how is the president supposed to negotiate with people who say, 'Here's my demands. By the way, I can't give you any specifics. Just make me happy'?

Economics is not a morality play.

Democracy or breakdown in Syria would change the whole Middle East overnight.

Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.