A closer look at bank leverage.
Media misinformation is the real threat to charitable giving. For better or worse, the fiscal cliff deal doesn’t actually cap any itemized deductions.
Press coverage of polls gives these imprecise tools much more weight than they deserve. Voters should keep this in mind as they are confronted with the inevitable avalanche of polls between now and Election Day.
Little attention has been paid to why LIBOR is important, who might have been harmed by its manipulation, or how to think about the financial ramifications.
If we could stop the government’s constriction of private mortgage credit, recovery could begin sooner rather than later.
Interest rates in the market for U.S. Treasury debt display surprising behavior—behavior that previous market participants considered simply impossible.
The proper question is not how will America pay foreign creditors back but rather what will maintain China and Japan’s desire to buy low-interest Treasury securities from us?
The NTSB, cell phones, and regulatory hyperbole.
Illinois public employees likely receive a significant pay premium over similar private sector workers.
On a variety of indicators, President Obama has far more in common with incumbent presidents who lost their bid for reelection than with those who won.
Communist political philosophy is still a powerful force in many former Soviet bloc countries.
Much, much more than you think.
Add together fundamental illiquidity and smallness of capital, and what have you got?
Applying macroeconometric models to questions of fiscal policy is the equivalent of using pre-Copernican astronomy to launch a satellite.
It’s time to correct a misconception regarding middle-class income.
Here’s a rough guide to the numbers everyone is talking about.
Stimulus has failed. It’s time to unleash entrepreneurs in the new commanding heights of the economy: healthcare and education.
Reducing Cost of Living Adjustments by basing them on a more accurate measure of inflation would alleviate the long-term Social Security deficit.
We have a lot to learn from Gerald Ford’s response to New York City’s fiscal crisis.
A soak-the-rich measure is badly in need of reform.