Fracking technology has the potential to multiply the world's supply of natural gas and emit less in the way of greenhouse gases--unless environmental advocacy groups slow the wheels of change.

When Fed chairman Alan Greenspan recently told the U.S. Senate Banking Committee that the privatization of Fannie Mae and Freddie Mac was his "goal," he put the question of privatization on the table, in a serious way, for the first time in many years. Greenspan’s statement has resulted in...

Chairman Bernanke can be faulted for not anticipating the severity of the global financial crisis, however he deserves some credit for helping stabilize the financial sector at a time of unprecedented instability.

The centerpiece of the administration's proposal for financial regulatory reforms this year--putting the Fed in charge of regulating or monitoring systemic risk--is a serious error.

As the confirmation hearings for the new Fed chairman approach, the most intriguing questionsare those Mr. Bernankemust be contemplating quietly on his own.

Policymakers frequently do not want to recognize problems, especially when there is little that they can do to address them. There is no question that if European countries start defaulting the US economy would be seriously impacted because of the US financial system's large exposure to the European banking system.

A reason frequently given for financial market behavior in recent years is the belief that the Fed will bail out the market's mistakes.

After many years of false starts, the Japanese economy may finally be set to boom—or at least to enter a period of sustained growth with a sharply rising stock market.