During the recent recession, the U.S. Congress passed two large economic stimulus programs. President Bush’s February 2008 program totaled $152 billion. President Obama’s bill, enacted...

The Federal Reserve’s dramatic new intervention into the U.S. economy—a $600 billion purchase of Treasury bonds that was immediately branded with the nautical nickname of...

The liberal-opinion industry spoke with one voice: President Obama’s tax plan was his party’s best hope to avert a midterm disaster. Over Labor Day weekend,...

To the Editor: James Glassman’s article on American economic policy after the meltdown is accurate in almost every respect [“The Failure of the Liberal Economic Experiment?,”...

The  plunge in the U.S. economy in 2008 and 2009 became an irresistible opportunity to pronounce the failure of the form of capitalism that emerged...

More Money than God: Hedge Funds and the Making of a New Elite By Sebastian Mallaby Penguin, 496 pages Hedge funds didn’t cause the global financial crisis. That’s...

It sometimes seems that the old-fashioned art of “investing”—putting money into a specific business with the goal of sharing in its profits—has been superseded by...

The Relentless Revolution: A History of Capitalism By Joyce Appleby Norton, 494 pages In the 17th century, Thomas Hobbes described the life of mankind before the development of...

In 2008, the global economy experienced a brutal financial retraction not seen since the 1930s. The value of virtually every asset in the world was...

As a former academic economist who at mid-career migrated into the worlds of policy and financial markets, I am sometimes asked how the latter experiences...

To The Editor: It is not surprising that Fred Siegel, like other economic conservatives, looks at the current economic mess in New York and concludes that...

When someone insures you against the consequences of a nasty event, oddly enough, he raises the incentives for you to behave in a...