Austerity measures in Europe have been the topic of a heated and mostly confused debate in the economic world. During the May summit of the leading industrial nations at Camp David, German chancellor Angela Merkel and other European leaders pushed for continued European austerity. Keynesian critics argue that these policies destroy economic growth.

The smart money in Washington is betting that the super committee will fail because the two parties cannot find common ground. But there is common ground for the taking. We suggest three principles that should command broad bipartisan support.

Now is no time to further distort the market.

Top economists provide much-needed guidance--and some surprising conclusions--in response to rising public concerns about inequality in the U.S. tax system.

The inventory spike reported last week is one of many red flags in the U.S. economy that suggest the recession will have another dip.

Clearly, public reaction to policy initiatives is a key determinant of legislative outcomes. Policies often rise or fall based upon public opinion. But where do those opinions come from? Which media are most relied upon by the public for economic information?...

Until recently there was wide consensus among macroeconomists that activist fiscal policy was inadvisable.

The fiscal stimulus was both so expensive and so badly flawed that it was rendered ineffective; a recent paper that vindicates the plan fails to measure the number of people who found work and the effectiveness with which the Obama stimulus created jobs.