My Two Cents

Several people over the past couple of weeks have asked me what i thought about the Murdoch takeover of the Wall Street Journal. I don't have a...

Memory matters in the broad sweep of public policy. I was reminded of this reading the latest newsletter by Peter Bernstein, a market historian and...

Does the global market meltdown signal the end of the global boom or, at least, a dramatic slowing in the U.S. economny? I don't think so. The...

On April 20, 2005, President George W. Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act into law. Record number of Americans...

According to the latest Investment Company Institute study total U.S. retirement assets hit $16.4 trillion in 2006. That's up 11% from 2005 and 55%...

Why do we think a 4.5% unemployment rate is too low or, to put it somewhat diferently, is acceptable. Far too many people are unemployed these days...

The Organization of Economic Cooperation and Development has a good study on globalization. Making the Most of Globalization offers a good economic...

Okay, I'm back. It will take me some time to catch up. There's lots to talk about....

There's a lot of handwringing over the rise in long-term interest rates, especially when it comes to stock market values. But I'm skeptical for now...

I understand the political reasons why the Clinton's liquidated millions of dollars worth of stock holdings in their blind trust....