It only makes sense to favor gold over productive investments at a time like this: when the world's monetary system is heading for a crackup.
By taking bold actions during the financial crisis, the Fed ventured into fiscal policy. Now, Congress is pushing back.
American economic policymaking is dominated by the widely taught and cited neo-Keynesian synthesis, which argues for government intervention on the ground that markets are not efficient.
Unlike the US, where the housing bubble first burst, Britain’s housing sector needs a period of benign neglect to find its own equilibrium.
Three Republican senators from the Northeast join majority Democrats to advance a financial reform bill to tighten regulation of Wall Street.
Fannie Mae announced a $11.5 billion quarterly loss Monday. The mortgage giant's continued poor performance has added urgency to the question of how – or whether – it should be saved.