Back in the '70s inflation rates rose.  Bond buyers took a terrible beating. Then, they strapped on their guns. Henceforth, it was said, the feds couldn't get away with causing inflation, because the bond market wouldn't let them.

The world of money is a world of wonder.  Bill Bonner takes a look at the latest legislation to clear the Senate Finance Committee.

Sub-growth has become the norm in the United States.  Is inflation just a fact of life?

Inflation is usually followed by deflation, but not for the United States.  Are we getting them at the same time?

Californians may be among the last Americans to wake up in the morning, but they're the first to spot a trend. And the big trend in California today is recession.

The Fed thinks it has two mandates: to preserve the value of the U.S. dollar, and to maintain full employment.  Is that even possible?

The U.S. economy is still far from normal. When houses go down, so does the rest of the consumer economy.

House prices are going down.  They'll take the American consumer down with them.  The crises may be over, but the long, slow, slump is still ahead.

China will soon have the most powerful economy, but what problems are on the horizon?

The "war" between inflation and deflation has produced plenty of noise and casualties, but no decisive victory.