James Pethokoukis is a columnist and blogger at the American Enterprise Institute. Previously, he was the Washington columnist for Reuters Breakingviews, the opinion and commentary wing of Thomson Reuters.
Pethokoukis was the business editor and economics columnist for U.S. News & World Report from 1997 to 2008. He has written for many publications, including The New York Times, The Weekly Standard, Commentary, National Review, The Washington Examiner, USA Today and Investor's Business Daily.
Pethokoukis is an official CNBC contributor. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, The McLaughlin Group, CNN and Nightly Business Report on PBS. A graduate of Northwestern University and the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! Champion.
Government shouldn’t rush to judgment on Wall Street’s high-speed traders. Granted, this whole business probably looks dodgy to Main Street’s 401(k) owners and stock pickers. Financial brainiacs are employing sophisticated computer programs called algorithmic robots to quickly scan financial data streams for subtle stock-market patterns.
New wealth makes old wealth less important and influential. The dynamic innovation that drives faster growth creates new opportunities for workers, as long as education keeps up. And it matters less that wealth concentrates increasingly at the high end, among the 1 percent, if faster growth results in rising incomes for everybody else.
When trying to condense a sweeping, 700-page analysis of the past, present, and possible future of capitalism into an 85-character tweet, you’re bound to miss a few things. But the above Twitter-fication of economist Thomas Piketty’s much-awaited Capital in the Twenty-First Century captures the gist of the author’s argument.
Fighting to lift up vulnerable people is a mission with universal resonance. It is time for advocates of free enterprise to join the conversation, explain the truth about inequality and redistribution, and articulate the principles that will restore opportunity for all.
Marco Rubio is smack in the middle of the current polls for the 2016 presidential primary. But he may be the early frontrunner when it comes to offering a realistic conservative agenda for reforms that address the economic challenges of modern America.
Just-released transcripts of 2008 Federal Reserve policy meetings provide a needed reminder of how Washington dithered as the nation’s financial system nearly collapsed. Has anything happened in the subsequent five years to make a repeat less likely?