Even though the house prices on which debt was built have disappeared, the debt is still with us as a debt overhang, or better, hangover.

Alex J. Pollock was interviewed by Institutional Risk Analytics to discuss his ideas for abolishing the Financial Accounting Standards Board and the need for meaningful financial reform legislation.

Iranian president Mahmoud Ahmadinejad has surrounded himself with trusted college alumni, former IRGC fighters, and relatives.

It's comfortable living in a cocoon -- associating only with those who share your views, reading journalism and watching news that only reinforce them, avoiding those on the other side of the cultural divide.

Liberals have been doing this for a long time. In 1972 the movie critic Pauline Kael said...

Worsening economic conditions will force central banks to resort to more aggressive quantitative easing until the economy recovers.

U.S. President Barack Obama's plan to withdraw troops from Iraq is predicated on an assumption that Iraq's stability is durable.

In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.

Ayatollah Ali Khamenei is increasingly looking to former members of the Islamic Revolutionary Guards Corps to help maintain influence in Iran.