The banking industry suffered credit crises in the 1970s, 1980s, 1990s, and 2000s. An unavoidable conclusion is that its loan loss reserves were in all cases too small. 

On January 31, 2011, the Financial Accounting Standards Board (FASB) issued for public comment a proposed approach for recognizing impairment allowances on financial assets.

Unlocking "unconventional" energy requires unconventional politics, and that's one resource that is genuinely scarce among today's backwards-looking bureaucrats and green interest groups.

If there is one conclusion that should be drawn from the boom in U.S. natural gas production, it is that supplies are so abundant that it makes economic sense to export some of our gas to countries overseas. No one could have imagined that possibility even a few years ago...

There are several good reasons to believe that inflation is not an immediate risk to the U.S. economy and that the Federal Reserve would be ill-advised to exit prematurely from its easing policy.

Despite a growing backlash from his fellow Democrats, President Obama has doubled down on his attacks on Mitt Romney’s tenure at Bain Capital. But the strategy could backfire in ways Obama did not anticipate. After all, if Romney’s record in private equity is fair game, then so is Obama’s record in public equity — and that record is not pretty.

The same money can't be spent twice. ObamaCare tries to do precisely that, and the government will have to borrow the difference.

The Federal Reserve could give banks a big incentive to expand by setting negative interest rates on their excess reserves.