Tobin Smith
These are the Key Economic Facts and basic concepts YOU as a voter MUST UNDERSTAND to separate political promises from economic delusions. Here they are!
Compared with 1981 and 2001, revenue is down and the debt is way up as a share of GDP.
Read a primer on the U.S. national debt, the debt limit and interest payments on the nation's credit line.
Global inequality, after widening for decades, has stabilized. The share of the world’s income captured by the top 1 percent has shrunk since its peak on the eve of the financial crisis.
Bit by bit, economists have pieced together the answer to this millennium's big economic mystery: where did all the jobs go?
Those pinning the recent spike in stock-market volatility on inflation and higher wages should look at this chart.
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We need immigration and entitlement reform, fast.
13 books you should read before you get married
10 things I wish I'd known before I quit my job to work for myself
This chart captures the rise in inequality better than any other chart that I’ve seen.
Researchers have found some troubling parallels with addictive drugs.
The Social Security Trust Fund is on track to run out of money in 13 years, the Congressional Budget Office said Monday. And that's just one of many painful possibilities.
Today’s outlook for revenue growth is based on policy that’s unlikely to pan out.
Six ways to overhaul Social Security (and eliminate these four quirks) without cutting benefits for current retirees or denying future retirees average benefits higher than current retirees get.
The national debt keeps growing and growing. But what's driving that trend, and when will the situation reach a critical mass of attention?
(This version of the March 21 story has been refiled to add dropped words 'technology and' in paragraph 10)
Automation is leading to job growth in certain industries where machines take on repetitive tasks, freeing humans for more creative, higher-order duties. That’s particularly relevant for manufacturing, the food sector and service sectors.
Rent, transport, and phone are too expensive for 43% of Americans.
The gilded future of the top 10 percent—and the end of opportunity for everyone else
The Outlook: Conventional theory on the link between unemployment and prices holds up for the services economy, but not for goods
Inflation has been a puzzle in the U.S. economy for years, failing to move up much when the unemployment rate tumbled. To resolve the discrepancy, it helps to look at the U.S. as two economies: one for goods, another for services.
The children born into Ronald Reagan’s “Morning in America” era could be on track to become the last recession’s “lost generation,” new research from the Federal Reserve Bank of St. Louis says.
A Wall Street Journal analysis of 1,450 cryptocurrency offerings reveals rampant plagiarism, identity theft and promises of improbable returns.
