Spending as if the Future Matters

For centuries, America has invested taxpayer money in its future. Public funds built physical infrastructure, from the Erie Canal to the interstate highway system. We invested in human capital, too: ...

Inflation Will Hurt Biden’s Spending Plan

Focused on the demand side, even most pessimists — me included — missed a pressing problem. Supply-chain bottlenecks have led to shortages of many goods, a crisis that has been exacerbated by the rel...

Biden Got His Bipartisan Win. Now, Reality Sets In.

That was clearly the message Mr. Biden wanted to send. His White House staff developed the event with the kind of stagecraft usually reserved for political conventions or campaign events. Flags from ...

When the Next Thing You Know Is That You Have Covid

Gail: I’m sure Delta is an avid reader. Bret: Luckily, the entire experience has been more “Curb Your Enthusiasm” than “ER.” I’ve lost my senses of taste and smell, which, given that I’ve received mu...

Deck the Halls With Infrastructure

OK, people, holiday season is upon us. Lots of socializing to do. You’ve got to come up with some current events conversations. So all thoughts turn to … the infrastructure bill! Really, it’s a cheer...