Do we love business – or hate it?

The Cold War is an increasingly distant memory in American military minds, except in the minds of the arms control community, and in particular those who seek the elimination of nuclear weapons. Alas, our president is a member in good standing of this community—indeed, an organizer.So, too, it...

The ability to make cost-effective exploratory efforts is a powerful enabler of innovation. Unfortunately, drug development is far less conducive to this sort of exploration.

The massive government spending during World War II did not lead to an economic boom. Economic historians have known for some time that the war cut personal consumption as Americans saved their paychecks in record amounts.

Wednesday and Thursday mark Egypt’s first post-Mubarak presidential elections. Sadly, what should be a purple-fingered moment brings some hope and much disappointment. Don’t get me wrong – Mubarak was a loathsome stooge, a petty and incompetent rentier tyrant who deserved what he got and more.

The IMF will not disengage from Greece.

The welfare of the citizens--poor, middle-class and wealthy--is best improved by using resources more productively. To realize the promise that the U.S economy has always offered, we must choose less social spending, less intrusive regulation, and more efficient use of resources in both the public and private sectors.