Published June 12, 2012
The longer Europe puts up with the fantasy that a single currency is essential to its prosperity, the longer Italy, Spain, Greece and others will flirt with financial ruin and self destruction.
Published June 11, 2012
The U.S. economy is drifting toward recession, but when Federal Reserve policymakers meet next week, they will have few tools to turn things around.
Published June 01, 2012
Without prompt efforts to produce more domestic oil, redress the trade imbalance with China, relax burdensome business regulations, and curb health care mandates and costs, the U.S. economy simply cannot grow and create enough jobs.
Published May 31, 2012
During the recent economic "recovery," the most effective jobs program has been to convince adults they don’t want or need a job.
Published May 30, 2012
Spain's economy is in trouble. And it may simply have to dump the euro, so that it can print its own money and solve its problems much as the United States did in the wake of the 2008 financial crisis.
Published May 24, 2012
The euro has failed, and time has long passed for Greece to bail out.
Published May 22, 2012
The Obama campaign ad attacking Mitt Romney’s record at Bain Capital was a shameless exaggeration but a brilliant political pivot. Instead of running on his record—where he is vulnerable to Mr. Romney—the president is making character the issue.
Published May 21, 2012
Without abandoning the euro, southern Europe will collapse, and it will take Germany and the other northern economies with them.
Published May 11, 2012
JPMorgan Chase has revealed that it lost $2 billion. The simplest solution, in the wake of this mess, is to once again separate commercial and investment banking, as was required by the Glass Steagall Act.
Published May 10, 2012
Europe's single currency is a bust. With unemployment reaching depression levels in the Mediterranean states, time has long passed to negotiate an orderly return to national currencies.