Prohibiting their bond trading will seriously weaken banks and the markets that banks supply with liquidity.

The trade policies that President Obama outlined in his State of the Union Address undermine the strength of America's economy, and are the wrong way to react to the changing nature of trade.

Two months ago, the House adopted a budget resolution that outlines the Republican majority's ambitious plans to slow the growth of federal entitlement spending. If implemented properly, entitlement spending restraint can address the long-term fiscal imbalance in a way that promotes economic growth and freedom.

The IMF will not disengage from Greece.

Ever since Richard Nixon's call for "energy independence," U.S. Presidents have talked about energy policy, mostly incoherently. Continuing that tradition, President Obama is now crisscrossing the country and giving speeches touting his administration's energy plan, the "Blueprint for Energy Security."

To persuade the American people to support his health reform agenda, the president has made two simple promises: First, his plan will benefit everyone who already has health insurance; Second, his plan will not add to the nation's yawning budget deficit.

Europe’s proposed financial firewall around Spain and Italy will prove any more effective in protecting those countries from another market onslaught than was the Maginot line in protecting France. The very design of the proposed firewall appears to be basically flawed in dealing with a renewed loss of market confidence in the euro’s long-run sustainability.

A column in celebration of a remarkable career, with some requisite observations on the stimulus package.