As the world economy moves towards recovery, Japan, the second largest economy, lags behind.

Japan’s Ministry of Finance and the Bank of Japan should continue to purchase foreign exchange, stop by selling other assets, and expand money growth until yen deflation ends.

Ominously labeled "Taxmageddon," a host of tax policy changes are set to occur at year-end, and there truly is much at stake: $3.67 trillion of additional tax revenue over 10 years from the Bush tax cuts alone.

Krishna Guha's article paints too pessimistic a long-term outlook for the U.S. dollar by not focusing on the basic fact that, for there to be a major further U.S. dollar depreciation, the dollar would need to depreciate substantially against the euro and the yen.

No government of any constitution or party, once it has established a fiat currency regime, can resist using the implicit tax of inflation to enhance its spending, activity and power.

Generally Accepted Accounting Principles (GAAP) is an accounting system that relies primarily on cost to establish balance sheet values. This works well when hitched to a depreciation system that reduces the value of assets as they are used up or made obsolete. But how should companies account for financial assets...

Exiting the Euro might at least give Greece a chance of being spared multiple years of high unemployment and depression, in contrast to the debt restructuring option.

If we view the New York central bank as a bank, we see that it has a very small capital ratio with very large leverage.