I come from Main Street, from a small town that's really depressed.

While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S.

If Wall Street crashes, does Main Street follow? Not necessarily.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

How much would you pay to avoid a second Depression?

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.