The Latest Breaking News from Allison Schrager

These policies may sound good on paper—but they would be disastrous in reality.

A car chase through a major city; a member of the British royal family pursued by paparazzi desperate for their money shot. Prince Harry and Meghan’s stressful experience trying to escape photographers Tuesday night in New York City felt all too familiar. It immediately drew comparisons to the tragic car…

I must admit I’ve been rooting for the crypto market to crash and burn. Not because I never invested in it and was resentful to see so many people get rich from it (though there were moments). But because I don't understand it, what value it serves or what problem…

It's easy to criticize the Democrats’ economic policies now that they have had a few years in power and passed several big bills, but also because they've articulated a clear economic vision for the country: expanding the government’s role in the economy with more generous social programs, higher taxes for…

This economy can’t go on forever. GDP may still be growing, but it’s at an anemic rate. And other indicators are piling up that suggest a recession is imminent: The yield curve is inverting, hiring and house price growth is slowing and Philadelphia may win the World Series.

To President Joe Biden’s credit, his policies didn’t cause many of the economic problems we face today. But they did make them worse. Even more troubling, his policies might reduce growth in the future and make the economy less equal and resilient.

Social Security is known as the third rail of politics. President Joe Biden has pounced on all who dare even think about curtailing the retirement program. In fact, this week cash-strapped retirees will get the biggest cost-of-living increase in 40 years, an 8.7% boost to protect them from inflation.

If you expect your job to give your life meaning, you’re setting yourself up for failure. There was a time when a job was just an economic transaction: Someone paid you for your labor and that enabled you to live and support your family. But for a variety of reasons,…