Speaking at a conference at Stanford University’s Hoover Institution on the Federal Reserve’s recent extraordinary actions, George Schultz – who served Republican administrations as secretary of Treasury, State and Labor — says the government needs to re-learn the habit of saying no to private interests who seek taxpayer rescues when their bets prove to be losers...

We don’t look to arsonists to help put out fires but we do look to politicians to help solve financial crises that they played a major role in creating...

The crisis at Fannie Mae and Freddie Mac provided yet another body blow to the already reeling U.S. economy...

Federal Reserve Chairman Ben Bernanke clings to an easy money policy while assuring us that he is keeping an eye on inflation...