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.

We are running simultaneous experiments in democracy in two countries that, despite their cultural and political differences, have much in common.

Obviously there is no neat solution to the problem of power and responsibility.Oursystemis the worst possible solution--except for all others that have been tried.