Steven Pearlstein

Washington, D.C.

Business and economics columnist

Latest from Steven Pearlstein

From commerce to chaos: An economic history of the United States

Jonathan Levy recounts the evolution of American capitalism.

June 4, 2021

In Democrats’ progressive paradise, borrowing is free, spending pays for itself, and interest rates never rise

With their plans for trillions in stimulus relief packages, and push for a $15-an-hour minimum wage, Democrats are dismissing concerns about the rising national debt and inflationary pressures.

March 3, 2021

Battle over $1.9 trillion covid relief package is as much about political optics as economic necessity

There’s nothing magic about a $1.9 trillion stimulus package. That’s a number driven more by politics than economic necessity, and President Biden’s push to “go big” on stimulus relief could hurt his ability to solve big problems later on.

February 3, 2021

Biden links prosperity to civic virtues in inauguration speech

Unlike his predecessor, who inherited a booming economy and a world at peace but could only see “carnage,” Biden looked out from a ransacked Capitol to a country reeling from pandemic and riven with injustice and saw the possibility for renewal and rebuilding.

January 20, 2021

Facebook and Google cases are our last chance to save the economy from monopolization

The lawsuits accusing the tech titans of an illegal monopoly will at the very least put Silicon Valley firms on their best behavior for the next several years as cases make their way through federal courts — and they could also put other big companies in concentrated industry on notice.

December 18, 2020

Joe Biden can’t afford to bar executives and lobbyists from his administration

The government needs talent from wherever it can find it, including outside the tight circle of Clinton-Obama alumni.

November 17, 2020

Forget McConnell. Forget Pelosi. In a divided Congress, Biden needs to build his own coalition.

Party leaders and caucuses are deeply invested in maintaining unity and will not compromise. But with support from a new president, individual senators and representatives might be interested in making deals.

November 9, 2020

Joe Biden has a better option than court-packing: Legislating

A Democratic Congress and president could prevent an activist Supreme Court from dismantling the regulatory state.

October 20, 2020