When countries run persistently large budget deficits, politicians will tend take the path of least resistance and inflate away the amassed debt by depreciating their currency. Our politicians in the U.S. are no different than ...

The Seven Precepts were developed to give people a different and realistic view on life and events—devoid of popular myths and seductive illusions. They are based in part on my 30 years of experience as ...

Why is there a business cycle? Someone once noted that people could tolerate any condition except the possibility of one. This one condition is prolong periods of prosperity. Incredible as it seems, this observation contains ...