Online currencies like the Bitcoin are one day likely to alter government policy, just as the bond market did in the 1990s
In a mere two years, the proportion of teenagers who expect to be financially dependent on their parents until their mid-20s has doubled. That gives us all another reason to feel sympathy for parents who have teenagers right now.
The sting of the financial crisis can still be felt five years on. But individuals have moved beyond finger-pointing
Traditionally, gas prices have risen in the spring and peaked during the high-demand summer months. Last year, though, prices spiked starting in February and reached their highs in early May, before declining slightly in summer. …
Since the recession, the value of derivatives outstanding has grown, and they remain very risky with the potential for large, unpredictable losses.
Many of the costs faced by typical American households are rising faster than the official inflation statistics indicate.
The Fed has no good choices. If easy money ends, the economy will slow even more. But continuing the policy risks inflation
Economic policies that look like the start of a trade war are really aimed at addressing domestic economic problems.
You only quit a job when you’re confident you can find something better. And in December, more Americans since the start of the recession felt good enough to pack up their desk and look for employment elsewhere.
An entrepreneurial wave is emerging in Havana that, along with immigration reform in the U.S., is giving Cuba renewed relevance while giving Americans a close look at the dangers of extreme wealth redistribution.
The banking sector still faces big challenges, but greater transparency will boost investor confidence and also encourage banks to manage risk better internally.
History shows that there’s no right way to raise income taxes – but generally it’s smarter to eliminate preferences, deductions and loopholes rather than jacking up rates.