Volume 3, Issue 2

Scott Wallsten of the American Enterprise Institute estimates that the true economic costs of the war in Iraq could reach one trillion dollars in the long run, five to ten times the original estimates of President Bush’s advisor Lawrence Lindsey.

Dr. Ben S. Bernanke, the Chairman of the Council of Economic Advisers, and nominee to be Chairman of the Board of Governors of the Federal Reserve System, explains why the "Leave it to Beaver model of economic security is increasingly less viable in today's world," and describes what can be done and what should not.

Joseph Stiglitz argues that in certain respects the economy is precarious and a crisis is possible, but global malaise is more likely in 2006.

Laurence Kotlikoff argues that it is high time the U.S. gets its fiscal house in order, and he tells us exactly how with three big ideas.

Arun Khanna responds to J. Bradford Delong by arguing that the U.S. dollar has four key strengths that preclude a meltdown in the value of the dollar.