Council on Foreign Relations

Amity Shlaes warns that without new legislation tax increases will reduce the relative competitiveness of the United States.

Amity Shlaes compares President Obama's battle with the financial sector to FDRs war on business in the 1930s. She argues that Presidents can choose between retribution and recovery; they cannot have both.

Amity Shlaes says that the economic policies the president will outline in his State of the Union address are closer to those of traditional Japan than those of traditional America.

Amity Shlaes says that politicians have the power over the mighty health-care industry because doctors have not been fighting back.

Amity Shlaes writes that big new government programs may not be bad, but they are rarely optimal. It is private-sector entrepreneurs who will come up with and implement new ideas that yield big productivity gains.

Amity Shlaes argues that U.S. policymakers are underestimating the threat from inflation.

"The right kind of infrastructure splurge might not be such a bad idea," writes Amity Shlaes, looking back to past infrastructure projects and their effect on the economy.

Amity Shlaes compares President Obama's approach to the banks with Roosevelt's in the mid-1930s.

Amity Shlaes argues that by raising the cost of production, an environmental treaty at Copenhagen could hurt youth employment.

Amity Shlaes argues that President Obama's early defeats at the hands of Republicans could help his legacy in the long-run.

Amity Shlaes says that the pro-government side of Maine, represented by Senator Olympia Snowe, seems to be prevailing.

World War II was the era of John Maynard Keynes and the 1990s were the era of Milton Friedman. But Amity Shlaes says that because of the effort to pass the health-care bill, the next few years belong to Hayek.

Amity Shlaes says that the Israeli military has played a surprising role in Israel's record of innovation.

Amity Shlaes discusses the factors that contribute to alumni donations.

Amity Shlaes argues that senior entitlements preclude U.S. fiscal reform, starting with Social Security.

Both parties seem to agree that the way to get Americans back to work is to create the right incentives. But Amity Shlaes argues that there may be too much "nudging" going on. Perhaps having too many "choice architects" is making the recovery unsatisfying.

Amity Shlaes says that Barney Frank's ideas to make the mortgage market "safe" will yield more primitive and fewer mortgages which won't entirely capture buyer potential.

Amity Shlaes writes that "to recall Kristol isn't to recall decline, but rather to remind that neoconservatism, or something like it, actually has a vibrant future."

Amity Shlaes warns that without the right incentives, market players will continue to game the system in the very fashion that President Obama deplored in his speech on reforming financial regulation.