It won’t come as a great shock to anyone that the current state of the financial markets shows that we’ve still quite a bit to learn about economics. While there were indeed those observers (some of them even economists!) who pointed to the housing bubble, its unsustainable nature and ...

Prediction is famously difficult, as one wag put it, especially if it is about the future. So now that we've passed the five year mark in the Iraq adventure, who was in fact right about the likely costs of it? Certainly it wasn't those proposing the invasion, some of whom proposed numbers as low as ...

Made your plans for the upcoming financial Armageddon yet? Betting upon a second Great Depression, or are you like me and thinking that yes, we've got some tough times coming, but the only people that can create disaster are the politicians? Sadly, that last isn't quite as comforting as it could be ...