Why is public policy so often reactive, convoluted, and obtuse? This political scientist has an explanation – and a way to start fixing it.
The credit market crisis was a communal and colossal failure to evaluate risk. The entire system rested on just a few bad assumptions, many of which were made by the credit rating agencies. Here’s how they went wrong, and how we should have fixed them.
Chait endorses Obama on the merits of his first term accomplishments.
For those of you who missed it last week, I recommend reading the interview that the President gave to the Des Moines Register, seeking their endorsement (ill-fatedly). Obama thought the interview was off-the-record, and apparently felt a little freer to reveal his political analysis of what a second term would have in store. The paper …
Six reasons why this election does matter: Healthcare, Financial Regulation, The Supreme Court, Super PACs, Gridlock, and Credit for the Recovery.