Among G7 countries, Japan and the United States are the polar extremes in the type of capitalisms they represent. Although Japan today faces challenges of its own, its experience offers some lessons …

The Federal Reserve’s 2 percent target rate of inflation is not strictly empirically derived. Should it modify this target moving forward?

Trust in the U.S.-led economic and geopolitical order has been eroding. The Russian invasion of Ukraine and the U.S. response to it, whatever its merits, may be the last straw for the global monopoly…

California Capitalism's greatest successes are in education, health and climate.  Its greatest challenges are inequality and affordable housing.

I sat down with the FT's Matt Klein for an Alphachat podcast on the international provisions in the December tax reform.