According to Ted Alden, "U.S. tracking of visa overstays is not perfect, but neither is it the massive hole in immigration enforcement that too many in Congress believe exists."

According to Michael Levi , "selling Teslas (TSLA) to wealthy people today may be the best way to get electric cars to everyone tomorrow, and for the United States to eventually reduce its dependence on oil, with all the national security and economic benefits that entails."

Edward Alden writes that the GOP should embrace immigration reform and follow the Canadian Conservative Party's example on how to woo the immigrant vote.

Benn Steil and Dinah Walker explain why the Fed's massive holdings of mortgage-backed securities (MBS) are distorting its thinking about the conduct of monetary policy going forward. They propose a novel plan to rectify this, in which the Fed swaps its MBS with the Treasury in return for Treasury securities, which the Fed can sell as part of a normal "exit" from monetary stimulus.

Ted Alden reflects on impending immigration reform in light of the recent Boston Marathon bombings.

In the final Bloomberg View excerpt of his forthcoming book The Power Surge, Michael Levi explores the future of hybrid and electric vehicles.

According to Michael Levi in this serial of The Power Surge, decreasing demand "is the only real path to confronting the climate consequences of abundant oil."

In the first Bloomberg View excerpt of his forthcoming book The Power Surge, Michael Levi writes, "Oil markets are often as much about politics as economics, and predicting future political twists and turns should be done with care."

Thomas Bollyky writes about how national patent laws are affecting pharmaceutical cost differentials around the world.

Jagdish Bhagwati and Amrita Narlikar write that the only way to ensure safe working environments is to make them "legislated and pursued with zeal."

This chart book shows the growth in foreign ownership of U.S. assets over time.

Michael Spence examines what options the Italian government has for restoring economic growth as eurozone efforts at stabilization the banking sector and sovereign-debt markets founder.

Edward Alden writes that the U.S.-European Union Transatlantic Trade and Investment Partnership negotiations are "the biggest consolation prize in the history of international trade liberalization."

Britain has long been ambivalent about the European Union (EU) and Britons' low regard for the EU has been exacerbated by the euro crisis. British prime minister David Cameron has said two things. There will be a referendum on Europe before the end of 2017. But before that, Cameron promises to renegotiate Britain's relationship with the EU. Putting these two promises together, the referendum may be less important than one might think.

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Benn Steil's Wall Street Journal op-ed explains the unique historical circumstances in which the Bretton Woods international monetary system emerged in 1944, and why calls for "a new Bretton Woods" today will go unsatisfied.

Jagdish Bhagwati contends that proposals for immigration reform centered on guestworker programs will be unsuccessful in stemming the inflow of undocumented workers.

Examines data including GDP, household debt, and industrial production to show the weakness of the current recovery compared to previous postwar rebounds.

People love to talk about "red lines" for all sorts of challenges, and the Iranian nuclear program is no exception. The United States can, in principle, threaten stronger sanctions if Iran crosses certain red lines. It can threaten military action if Iran crosses others. But it's not clear that setting red lines—particularly in public, where failing to follow through on threats can be costly—is a productive course.

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