Jailed swindler Bernie Madoff recently summed up a lot of people’s feelings about fiscal policy, declaring that “the whole government is a Ponzi scheme.”
Doctors have long known that it is not just how much you eat, but what you eat, that contributes to or diminishes your health.
Where are global currencies headed in 2011? After three years of huge, crisis-driven exchange-rate swings, it is useful to take stock both of currency values and of the exchange-rate system as a whole.
Now that the EU and the IMF have committed €67.5 billion to rescue Ireland's troubled banks, is the eurozone's debt crisis finally nearing a conclusion?
G20 leaders who scoff at the United States' proposal for numerical trade-balance limits should know that they are playing with fire.
It has never been easy to have a rational conversation about the value of gold. Lately, with gold prices up more than 300% over the last decade, it is harder than ever.
The bottom line is that Americans will have to be patient for many years as the financial sector regains its health and the economy climbs slowly out of its hole. The government can certainly help, but beware of pied pipers touting quick fixes.
As the United States and European economies continue to struggle, there is rising concern that they face a Japanese-style "lost decade."
When the next full-scale global financial crisis hits, let it not be said that the International Monetary Fund never took a stab at forestalling it.
If you listen to American, European, or even Chinese leaders, Japan is the economic future no one wants. In selling massive stimulus packages and bank bailouts, Western leaders told their people, "We must do this or we will end up like Japan...
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