Arthur Brooks and Jim Manzi are intellectual heirs to Hayek; they are admirably recapturing old truths handed down from America’s Founders and restating them for today’s generation.

James Grant--one of the most skeptical, insightful, and witty writers on the adventures and foibles of financial markets--chronicles the various epidemics of investment excesses that have erupted over the past decade in his new book, Mr. Market Miscalculates (Axios Press, November 2008). Grant investigates, among other topics, mass psychology in...

More efficient stock and bond markets will enable painful truths to come to light more quickly.

Question for the super committee: Why are you there, if not to make history and improve the lives of Americans? You all have a rare, maybe unprecedented chance to do something remarkable. Don’t blow it.

Low grading standards in university education departments will negatively affect the accumulation of skills for prospective teachers and contribute to a larger culture of low standards for educators.

Nick Schulz reviews Animal Spirits.

History is clear that as an empirical matter, booms induce fraud and swindling.

Economic and financial cycles are natural and cannot be avoided.