I caught an interesting letter to the editor at the New York Times. We really need to think about which alternative energy sources we use and this letter highlights the fact.
Re “Bring On the Right Biofuels,” by Roger Cohen (column, The New York Times on the Web, April 24):
Biofuels contribute to deforestation and global [...]

Today, I read an article by Robert Samuelson in the Washington Post advising that the U.S. allow drilling for oil in previous no-go drilling zones because the cost of oil is rising. Originally, I agreed with his assessment. Today, I have grave doubts whether drilling in environmentally sensitive areas is a good idea. [...]

As the Fed Funds rate gets close to zero, pundits have been worrying about a pending liquidity trap. While I think these worries are well placed because the Fed is running out of bullets, I am more concerned about inflation right now.
We are in the midst of a credit crisis. Banks are having [...]

Steve Hanke, a libertarian economist who writes for Forbes, argues that the Fed is panicked about the economy in a piece that came out today. He believes they have lowered the Fed Funds interest rate to where inflation is now a problem. His suggestion: buy gold! (read article here)
He is right. The [...]

When the going gets tough, the tough turn into populists. Or at least that’s what we have seen time and again throughout history. In the 1930s, as the Great Depression was savaging the American Economy, people trembled in fear at the economic devastation. Members of Congress, sensing they needed to do something [...]

Earlier today in the news, it was revealed that our top man in the military in the Middle East, William J. Fallon has asked to retire and resign from his post (see story)
This story may seem innocuous and of little to no consequence at a time of huge news coverage: Eliot Spitzer, Geraldine Ferraro, Barack [...]