The presumption of all elites is that they can do a better job of running things than people who are less well educated, less informed, or less intelligent.

Fierce storms are approaching the financial markets, but almost nobody sees them coming.

The real economy declines. The parasites multiply.

In the private economy, people are always making mistakes. People buy things they really don’t need with money they really don’t have. Then, they pay the price.

Is 90 percent of GDP growth coming from the government stimulus? What does that tell us?

For most of the past 70 years, the US economy has grown at a steady clip, but since 2000, the story is different.

Reading the financial press is a delight; the big challenge is deciding what to laugh at first.

The US has been following the Japanese now for two years.

Japan's top man shocked the nation last week when he announced the largest budget deficit ever.