The center can still hold

By Fareed Zakaria Thursday, September 22, 2016 It’s the annual gathering of world leaders in New York this week, and for most of them, it’s time for group therapy. Around the globe, leaders of all stripes seem afflicted with the same malady: low approval ratings. Morgan Stanley’s Ruchir Sharma has pointed out that the median … Continue reading

It’s not just Trump: The GOP is not serious on the economy

By Fareed Zakaria Thursday, August 11, 2016 In recent days, I have had a dream: that America has a real Republican Party, a party offering a serious right-of-center alternative to the Democrats. Such a contest of ideas would improve the public debate and offer Americans a real choice, not the cartoon campaign we have today. … Continue reading

What Sanders and Trump agree on

By Fareed Zakaria Thursday, March 10, 2016 The energy fueling the presidential campaign — on both sides of the political spectrum — seems to be a deep despair about the U.S. economy. On this central issue, Bernie Sanders and Donald Trump have a surprisingly similar message: The American economy has failed. But is the analysis … Continue reading

Donald Trump sells America short

By Fareed Zakaria Thursday, September 17, 2015 Donald Trump’s presidential bid is centered on the promise of his personal talents. He says he’s the “most successful person ever to run for the presidency, by far.” (George Washington and Dwight Eisenhower, sit down!) But if there is an idea animating his candidacy, it is that the … Continue reading

The U.S. economy is recovering well

WP

By Fareed Zakaria The International Monetary Fund’s latest World Economic Outlook makes for gloomy reading. Growth projections have been revised downward almost everywhere, especially in Europe and the big emerging markets such as China. And yet, when looking out over the next four years — the next presidential term — the IMF projects that the … Continue reading

For U.S. Economy, Short-Term Good News Is Bad News

By Fareed Zakaria It is now conventional wisdom that the U.S. faces an acute fiscal calamity. America’s problems are severe: a deficit that is more than 10% of GDP and total debt that is more than 70% of GDP. But all evidence suggests that the U.S. does not face an immediate crisis. Take a look … Continue reading

Obama Deficit Speech Reveals His Core Beliefs

By Fareed Zakaria President Obama made one of the most important speeches of his presidency on Wednesday. It was an eloquent defense of his basic approach to government and outlined specifically how he would tackle the nation’s long-term debt problems. For people who have been searching for Barack Obama’s core beliefs, this speech is perhaps … Continue reading

Can Obama Get It Right on the Economy?

By Fareed Zakaria Barack Obama has moved to the center, and it is working – politically. Most Americans want a president who can deal with both parties and gets things done. President Obama should use the State of the Union to present a compelling agenda that can garner support from both sides of the aisles, … Continue reading

Procrastination Economics

By Fareed Zakaria This is the wrong time to raise taxes, say the politicians. The economy is fragile, say the economists. The recovery is halting, say the pundits. In a few years, they all affirm, we will need to get our fiscal house in order. Of course, just a few years ago, the economy was … Continue reading

Economic Policy Needs Common Sense, Not Fed Magic, For Long-term Growth

By Fareed Zakaria The background noise in the wonk world these days is of furious debates over economic theory and policy. The foreground is the American economy, which appears strikingly unresponsive. The Federal Reserve’s much-debated quantitative easing (“QEII”) appears, so far, to have had the opposite of its intended effect: It was conceived as a … Continue reading