In a recent op-ed, economist Robert Samuelson said “there is something unsettling about extremes of wealth and poverty.” He obviously meant it pejoratively, but in truth, extremes of wealth and poverty are the very source of the economic advances and…

A recent article in the Wall Street Journal asked if the subprime industry pulls back, will it be harder for the former beneficiaries of its loans “to buy cars, shop at the mall and dine out?” According to the article’s…

Princeton University’s Alan Blinder wrote in 2001, “Like 99% of economists since the days of Adam Smith, I am a free trader down to my toes.” According to a front page article by the Wall Street Journal‘s David Wessel and…

In a speech last week before the Stanford Institute for Economic Policy Research, Fed Chairman Ben Bernanke questioned whether increased worldwide economic integration has actually driven prices lower. Though a strong advocate of globalization and free trade, Bernanke said, “there…