The government is quite rationally focusing on the issues that will deliver the most domestic bang for its yuan...That puts the US Congress and its demand for yuan reforms in the back seat.

Rising inflation will prove to be the starting point for the undoing of the domestic economy.

It's painfully clear that the longer Japan waits to address its fiscal deficit, the fewer plausible scenarios there will be to bring the debt-to-GDP ratio down -- ever.

I don't think you can run around and crash and bang quite the way that I might have done in the past,

The court said in its decision that messages on specialty license plates are government speech. This position is inconsistent with the reality of the license plate program. It suggests that plates for the Sons of Confederate Veterans and the University of Florida are state speech. This is absurd.

These days, the Fed chairman has to be not only a great economist and a good politician, but also a spin doctor, ... Street Sweep .