Hoover Institution fellow Michael Spence discusses the problem of increased leverage in global markets and what the Federal Reserve is afraid of in raising rates.

Many economists who currently support large minimum wage hikes claim that the best research now shows that such an increase would not cause significant drops in employment.

Dodd-Frank’s safeguards against chaos are based on a misdiagnosis of what led to the 2008 crisis.

I talked a bit to Binyamin Applebaum about his article in the New York Times, Behaviorists Show the U.S. How to Improve Government Operations. As preparation, I read the Social and Behavioral sciences team annual report which he was covering.