Robert Lawrence shows that, absent other changes in the economy, benefits from declining oil imports for the long-term U.S. trade deficit have been overstated.

Overview Economists have long argued that taxing oil consumption would be the most efficient way to address U.S. vulnerability to overpriced and unreliable oil supplies. Yet energy taxes are a thi…

Deep fakes—highly realistic and difficult-to-detect depictions of real people doing or saying things they never said or did—are a profoundly serious problem for democratic governments and the world order. A combination of technology, education, and public policy can reduce their effectiveness.