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Economics is known for extraordinary fads and fallacies--for episodes that in retrospect are regarded as sheer lunacy. The most memorable such episodes involve wild speculation: the Dutch tulip mania of [...]

America's heavy debt burden will hinder a full economic recovery THE latest data suggest that America's recession may be almost over. Consumer confidence has rebounded and the Conference Board's index [...]

Risk encompasses all of those things about which we are uncertain. In today's terms this would include a checklist that is topped by a favorable outcome in the war against [...]

Listen to Tim Helton and Jim Hackett talk about the economy, and you might think they live in different countries. Helton and his wife, Michelle, just sold their home in [...]

THANKS to three years of budget surpluses, the Treasury has paid down $363 billion of its $3.4 trillion publicly held debt since 1997, $223 billion last year alone. That policy [...]

SINCE the Federal Reserve cut interest rates by half a point on January 3rd, speculation has kept on swirling around the idea that its chairman, Alan Greenspan, has uncovered something [...]

Dear readers, Time magazine waited for the Christmas shoppers to go home, before it ran a January 8 cover entitled 'Here Comes the Slump.' There was a sense of inevitability [...]

INCREASING fears about the state of the American economy are starting to cast a shadow over Britain's prospects next year. But although there are some signs of weakness, a serious [...]

NEW YORK -- The National Association of Purchasing Management was restrained in its assessment of business conditions as portrayed in its monthly manufacturing report. 'The trend definitely in the right [...]

The U.S. economy owes much of its success over the last seven years to cheap gasoline and petroleum products. It's true that high energy costs, along with high interest levels, [...]