Public policy has great power, both to improve people’s lives if it is planned and executed well and to cause significant suffering if it is not, says Harvard Kennedy School Dean Douglas Elmendorf, who will step back from his post this summer to rejoin the faculty. He joins PolicyCast host Ralph...

HKS Senior Lecturer Linda Bilmes, an expert on public finance who has studied post-9/11 war costs for the past 20 years, says their staggering $5 trillion cost was enabled by what she calls “The Ghost Budget.” Using an unprecedented combination of borrowing, accounting tricks, and outsourcing,...

Harvard Kennedy School Professor Rana Mitter and Harvard Business School Associate Professor Meg Rithmire say that after decades of tremendous growth, an economically slowing China is the new normal. With a growing debt-to-GDP ratio, an aging population, a devastating real estate bubble, and a...