Political Capital

Chistopher Payne

Soldiers of the 4th brigade combat team 4th infantry division of the U.S. Army dispose of waste left by mortar rounds at the Forward Operating Base Joyce, in the Kunar province in Afghanistan on August 20, 2012.

Photograph by Jose Cabezas/AFP/Getty Images

Soldiers of the 4th brigade combat team 4th infantry division of the U.S. Army dispose of waste left by mortar rounds at the Forward Operating Base Joyce, in the Kunar province in Afghanistan on August 20, 2012.

Deficit Reality: Not DC Talking Point

To solve a problem requires knowing that problem: analyzing it, diagnosing it and then treating it. Yet when it comes to the deficit, Washington is woefully ignorant. A Bloomberg Government study, “What Really Caused the Mounting Federal Deficit”, provides a...

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Meeting with President-elect Richard Nixon are from left standing: Bryce Harlow, assistant to the president; Paul McCracken, Chairman of Economics Advisors, Alan Greenspan, advisor to Nixon, Dr. Arthur Burns, seated left, Nixon, and Rep. Wilbur Mills, chairman of the House Ways and Means Committee in New York City on Dec. 4, 1968.

Photograph by AP Photo

Meeting with President-elect Richard Nixon are from left standing: Bryce Harlow, assistant to the president; Paul McCracken, Chairman of Economics Advisors, Alan Greenspan, advisor to Nixon, Dr. Arthur Burns, seated left, Nixon, and Rep. Wilbur Mills, chairman of the House Ways and Means Committee in New York City on Dec. 4, 1968.

The Fed and the Election Cycle

The Fed is meant to be independent and free from political pressures emanating from Congress or the White House. That hasn’t always been the case. For instance, back in the early 70s, Fed Chairman Arthur Burns was pressured by Richard...

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