Far from Greece's currently high interest rates being the result of herd behaviour, it would seem to be reflecting the market's accurate assessment that Greece has a fundamental solvency problem. To pretend otherwise only delays finding a solution to Greece's very difficult economic problems.

It's tempting to call the shameful taxpayer subsidy for electric cars - vehicles that are unaffordable for all but a small number of wealthy Americans - this nation's costly little secret.

Recent economic research suggests that colleges siphon off a significant portion of federal education aid rather than lowering costs to students

The American economy is experiencing a crisis in long-term unemployment that has enormous human and economic costs.

There are solid ways to move forward with high-speed rail in the United States, but a new line between San Francisco and Los Angeles is not among them.

The Agricultural Adjustment Act of 1933 introduced many of the Farm Bill provisions that remain present today, including precursors to the current food and nutrition programs (FANPs). This policy served multiple purposes, including enhanced demand for farm products to alleviate low farm income and reduce agricultural surpluses, and enhanced food security and improved nutrition for the poor.

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

These realities suggest that the purported social benefits of policy support for renewables are illusory. Moreover, ongoing supply and price developments in the market  for natural gas are likely to weaken further the competitive position of renewable power generation.