News & Commentary

By David Liechty On December 23, 1913, Congress passed the Federal Reserve Act (ch. 6, 38 Stat. 251) and again fundamentally changed the monetary structure

“”A lie keeps growing and growing until it’s as plain as the nose on your face.” I keep getting e-mails that militia are on the

Nothing would please Bernanke and the Federal Reserve Bank of New York more than to see both low long term yields and higher highs in

A friend of mine who has worked in the prison system tells me that the prisoners say the way to tell when the economy is

By Peter Whoriskey Hate car salesmen? Want to skip the test drive? General Motors has some cars to show you. The government-rescued automaker announced on

The Case-Shiller has been signalling an improvement in the second derivative of housing prices for a few months, and in the latest report it even

By Joe Weisenthal and Kamelia Angelova Hopefully deficits don’t matter, because if they do, then boy are we screwed. Today’s chart was put together by

By Richard Milne in Amsterdam Manufacturers are abandoning global supply chains for regional ones in a big shift brought about by the financial crisis and

Secret Office, at The General Post-Office Welcome to John Potter’s world. He’s the nation’s postmaster general. Yes, that’s right: for the last nine years, he

When Mexico Had the Blues: A Transatlantic Tale of Bonds, Bankers, and Nationalists, 1862–1910 By Steven C. Topick As Joseph Schumpeter lyrically described the broader