Back in the early 1990s, when Fed Chairman Alan Greenspan was still considered "the Maestro," I asked him what he thought of the Reagan administration's economic program. I anticipated a discussion of 1980s tax and interest rate policy. That's not what I got. ...more

January 18, 2009

Some years back the very idea of transplanting a human heart seemed like science fiction. ...more

November 21, 2008

Badgered by lawmakers, former Federal Reserve Chairman Alan Greenspan on Thursday denied the nation's economic crisis was his fault, but conceded the meltdown had revealed a flaw in a lifetime of economic thinking and left him in a "state of shocked disbelief." ...more

October 24, 2008

Paulson. Merrill Lynch. Lehman. Bernanke. Names are what investors start talking about at moments like this. Names, the faith is, will rescue Wall Street and, by extension, the U.S. economy. When a market crash is big enough, people are too panicked to think about the technicalities of reform. They think about the names they are losing and names who, they hope, will save the day. ...more

September 17, 2008

As financial storm signals appeared the last 18 months, there were Bush officials who urged drastic reform of Fannie Mae and Freddie Mac. But, according to internal government sources, Treasury Secretary Henry Paulson objected because it would look "too political." The Republican administration kept hands off the government-backed mortgage companies that are closely tied to the Democratic establishment. ...more

July 21, 2008

The U.S. housing crisis may accomplish what years of parental hectoring couldn't: Turn Americans from spenders into savers. ...more

July 17, 2008

Bottoms up! It's time to swallow a heavy dose of risk realism when considering the U.S. home market. ...more

May 6, 2008

Federal Reserve Chairman Ben Bernanke moved Wednesday to break down even further the aura of secrecy that historically has enshrouded the institution that sets interest rates, taking steps to keep Main Street and Wall Street more closely wired to decisions that can make or break lives and businesses. ...more

November 15, 2007

Former Federal Reserve chairman Alan Greenspan said rising oil prices will lead businesses and consumers worldwide to use less fossil fuel and increase their use of alternative energy sources. ...more

November 8, 2007

The observation of former Federal Reserve Chairman Alan Greenspan that oil was a big reason for invading Iraq is causing war opponents to say, 'A-ha! It was blood for oil.' ...more

September 20, 2007