America's financial crisis, deep recession and anemic recovery have largely been driven by economic policies that have deviated from proven fact-based principles.

Just as subatomic particles are the basic building blocks of physics, so prices and quantities are the fundamental building blocks of the economy, the foundation upon which all analysis, theory, measurement, and policy rests. If prices or their rate of change, inflation, are not measured accurately, there will be cracks...

Over-indexing of social security and other federal programs will add $1 trillion to the national debt over the next dozen years, and expenditures due to over-indexing will be the fourth largest category of federal spending in 2008.

If the United States continues to become more like Europe, there will be no nation left for others to free-ride off of.

A gloomy interpretation of U.S. economic statistics serves the wishes of liberal politicians, however, the pessimistic view has little correspondence with economic reality.

There is still time for the Geithner story to have a happy ending.

There is a growing belief that entitlements cannot be maintained in their current forms in the coming decades.