It would be wrong for citizens and investors to be confident that the G-20 governments will deliver their promises to reverse the monetary expansion and fiscal expansion, to do it at the right time, and to do it in a coordinated way.

The asset bubble has spread to long-term government bonds, especially those with inflation protection.

Cell phone use is increasing worldwide, leading to a concern that cell phone use while driving increases accidents.

The global economy is rebalancing itself away from U.S. demand growth and toward global demand growth.

What is the cause of the abrupt rise in interest rates?

How will the Fed's Open Market Committee respond to persistent inflation in 2007?

As a matter of policy, central banks should not relieve financial firms of the consequences of the firms' risky behavior.

Reducing the double tax on corporate income has an ambiguous effect on marginal effective tax rates.