Many of the economic reforms under discussion now, including the fiscal stimulus and infrastructure spending, were central in the original New Deal package. But as Amity Shlaes argues in this New York Post op-ed, many of these reforms didn't work well then, and some failed outright.
CFR's Benn Steil analyzes the financial rescue plan under debate on Capitol Hill and suggests adjustments that he says would make it more effective and less risky for the federal government.
Robert Hormats, the vice chairman of Goldman Sachs International, discusses hidden economic costs of the Iraq war and urges frank discussion of the U.S. military budget.
Joseph Stiglitz, a Nobel Prize-winning economist, and Robert Hormats of Goldman Sachs International discuss the impact of the Iraq war on the U.S. economy.
The White House and Congress are currently working on an economic stimulus package to boost the U.S. economy. In this Bloomberg article, Amity Shlaes looks at short-term economic measures in a historical context and argues that tinkering with the economy may not be the best idea.
Following the financial mayhem of 2008, world policymakers are planning an ambitious program of economic stimulus spending for 2009. Economists say the success of these measures will rely on timely, targeted implementation, and temporary mandates.
Doulgas Holtz-Eakin testifies on the possibility of incroproting dynamic estimation into the analysis of legislative proposals in order to measure the macroecomic impacts of spending and tax legislation.
The Palestinian Authority is in a budget crunch after Hamas, a group listed as a terrorist organization by both the European Union and the United States, won January's elections, yet refused to renounce violence or recognize Israel. This prompted a suspension of hundreds of millions of dollars in aid payments. Iran and Arab countries vow to make up the difference, but experts question the reliability of such pledges.
A summary of the various economic explanations for why the United States has been able to run such a large current account deficit for the past few years.
CFR's Center for Geoeconomic Studies Director Douglas Holtz-Eakin testified before the House Budget Committee on how best to address increasing mandatory spending in the federal budget.
Two decades ago, the United States was the world's largest creditor; now it's the world's largest debtor. As Ben Bernanke assumes the post of Federal Reserve chairman, succeeding Alan Greenspan, opinion is split over how much America's profligacy actually matters.
Twenty years ago, the United States was the world’s largest creditor nation, unsurpassed in its ownership of assets outside of its borders, even after deducting what foreigners owned inside its borders. Yet over the past two decades, America has been transformed into the world’s largest debtor nation.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Koblentz argues that the United States should work with other nuclear-armed states to manage threats to nuclear stability in the near term and establish processes for multilateral arms control efforts over the longer term.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
Maximalist finds lessons in the past that anticipate and clarify our chaotic present, revealing the history of U.S. foreign policy in an unexpected new light. More
This clear and authoritative book presents a sweeping account of China's global resource quest and the unrivaled expansion of its economy. More
The story of the tragic and often tormented relationship between the United States and Pakistan, and a call to prepare for the worst, aim for the best, and avoid past mistakes. More
Learn more about CFR’s mission and its work over the past year in the 2014 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass.
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