Even if California pays its short-term commitments with IOUs it still faces the $24 billion deficit, and the state is looking at impractical ways to solve it.

Argentina's pension system makes for a striking example of the pernicious effects of pay-go on federal budgets.

Barack Obama calls for a "movement for change," but he is preaching classic liberal ideals that have been around since the New Deal.

Private equity has been the subject of much recent controversy due to the lingering threat of a recession.

Adopting cap-and-trade in the United States will cause economic harm without producing any environmental or climate-protective benefits.

According to David Andelman,the roots of many twentieth- and twenty-first-century world conflicts lie in the flawed Versailles peace process.

Republican candidates need to find policy approaches that embrace environmental values but are compatible with fiscal responsibility, limited government, free markets, and personal responsibility.

The Fed must act to loosen monetary policy in the face of the deflating housing and credit bubbles.