For decades, investors have spent countless hours speculating about the Federal Reserve's agenda on interest rates. Market watchers study every adjective in often-cryptic Fed statements for clues about the outlook for monetary policy.

"Big Oil" is not to blame for the skyrocketing price of oil. Rather, domestic energy policy and international instability are to blame for rising prices.

Do voucher programs force public schools into a zero-sum game by redirecting public funds and promising students to private schools? Or do school-choice options spur healthy competition by pressuring public schools to improve?

It is likely that we change in April from confrontation over $2 billion or $4 billion to confrontation over raising the debt limit, a much more deadly risk to the American and global economy.

Recent calls for tighter clinical requirements for medical devices should themselves be recalled. Such requirements would not greatly increase public safety; they would hamper innovation.

Kevin Hassett and Aparna Mathur note that high corporate tax rates reduce U.S. competitiveness and help explain why U.S. companies are moving plants abroad.

President Obama will surely defend his signature health legislation, but he cannot skirt recognition of the hardship that his measures have already caused.