Economics & Political Systems

Holding the Fed Accountable

Editor’s note: On Wednesday, October 10, at 7 p.m., Dr. Craig Columbus will join executive director of The Center for Vision & Values, Dr. Paul Kengor, and successful venture capitalist and radio talk-show host, Glen Meakem, on the campus of … Continue reading

Who Spends Wisest?

Editor’s note: A version of this article first appeared at Forbes.com.The financial and economic meltdown of 2008 was preceded by large increases in government spending and monetary inflation that artificially lowered interest rates. Those interventionist policies fueled massive capital malinvestment, including housing and credit bubbles, all of … Continue reading

President Obama’s Munich Moment

In September 1938 the British prime minister had a problem. The Third Reich’s psychopath-in-chief was scorching the airwaves in one of his trademark rants, this time about the supposed oppression of Germans living in Czechoslovakia. He threatened war unless Western … Continue reading

The Winners and Losers From QE3

Editor’s note: A version of this article first appeared at Forbes.com. The only doubt about the Federal Reserve’s decision to embark on a third round of quantitative easing was about when it would begin. It was a foregone conclusion that Chairman Ben Bernanke’s … Continue reading

A More Immediate Threat

On July 23, 2012, Syria—one of seven nations not to sign the Chemical Weapons Convention—admitted owning a stockpile of chemical and biological weapons. A foreign ministry spokesman warned that Damascus would use these weapons against any force intervening in its … Continue reading

Man vs. Himself on Wall Street

Editor’s note: A version of this article first appeared at RealClearMarkets.com. A costly computer trading glitch involving market maker Knight Capital has intensified the debate over the effects and value of high-frequency algorithmic trading. The holding period for most of … Continue reading

What’s In a Recovery?

Editor’s note: A version of this article first appeared at Forbes.com.Thomson Reuters’ latest survey of Wall Street analysts’ expectations about next quarter’s corporate earnings has prompted some to wonder whether the canary in the coal mine is beginning to feel lightheaded. … Continue reading