I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.

I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.

But where will the Fed find another bubble?

Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment industry as a whole?

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

For most Americans, economic growth is a spectator sport.

The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World.