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

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

While the U.S. is unlikely to see a repeat of the “Stagflation” of 1965-1982, it is still helpful to understand both the similarities and differences from that period as the country faces stubbornly …

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…

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Many Republicans have lost faith in their party’s traditional embrace of internationalism.