A proper market economy is moral in this way: It gives people what they deserve, not necessarily what they want or expect.
Government leaders have spent too much money and put too much of the economy under their control. Now, the markets are forcing a correction.
The Greece debt crisis should be a warning. History shows that unless this buildup of sovereign debt is tackled eventually by raising taxes and controlling spending, then there are only two outcomes: default or high inflation.
A look at the wave of debt crises spreading around the globe.
Experts watch a variety of indicators both subtle and significant – from the sale of home hair-dye kits to the volume of used-car purchases.