In the world of ideas, there’s a battle currently underway between forces that, No 1, believe the brain is often best left with minimum interference to figure out what’s in its own best interest, and No 2, believe the brain needs to experiment with better ways to intervene and shape what is being decided...

Leave it to political economist Thomas Sowell to provide perspective and a dollop of simplicity to the tangled web that is the current state of the American economy...

U.S. Treasury Secretary Henry Paulson on Monday proposed a sweeping overhaul of nation's financial regulations intended to update an outmoded patchwork of competing government agencies that currently oversee the banking sector and capital markets...

Plans for a shake-up of U.S. financial market regulation prompted by the collapse of the subprime mortgage market will not satisfy critics and is likely to face stiff opposition from powerful vested interests, according to officials and analysts...