After five years of wrenching economic recession, one has to wonder what it will take for Greece to cut itself loose from the failed IMF and EU policies that have reduced the country to its present terrible economic pass.

In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.

Senator Orrin Hatch (R-UT), ranking member of the Senate Finance Committee, will speak at AEI to explain the dynamics surrounding the pending FTAs and Trade Adjustment Assistance.

China should bear its share of the adjustments made necessary by thelarge global payment imbalances.

The Agricultural Adjustment Act of 1933 introduced many of the Farm Bill provisions that remain present today, including precursors to the current food and nutrition programs (FANPs). This policy served multiple purposes, including enhanced demand for farm products to alleviate low farm income and reduce agricultural surpluses, and enhanced food security and improved nutrition for the poor.

Attempts at austerity and deleveraging in Europe have converted an economic problem into a political dilemma, with leftist governments rising against Germany's austerity-laced rescue packages. Germany now faces a tough economic decision that will involve choosing between a breakup of the current euro system and a movement toward a common fiscal policy in Europe.

A potential European banking crisis would spill over to the US financial system, which has very close links to the European banking system.

Boom, Crisis, and Adjustment reviews the macroeconomic experiences of eighteen developing countries from 1974 to 1989.