The always insightful editor of Forbes, William Baldwin, writes about our future tax rates in the new issue. Here’s the bad news:

If you are a prosperous saver, the federa... continue reading »

Obama advisor Larry Summers told my former ABC colleagues that "everyone agrees the recession is over." It’s possible. But I doubt it. Sure, the vast Bush/Obama spending blew some air back into the housing bubble. But politicians’ delusion that they can control the economy does more harm than good... continue reading »

On my Fox Business show tonight at 8pm and 11pm ET, we take a long look down the Road to Serfdom. F.A. Hayek, an Austrian economist living in Britain, wrote "The Road to Serfdom" in 1944 as a warning that central economic planning would extinguish freedom. The book was a hit. But then, as now, Hayek was overshadowed by another economist: John Maynard Keynes... continue reading »

It's been a busy week for US Transportation Secretary Ray LaHood, who has Toyota in his crosshairs. 

He first told Congress that people should stop driving cars involved in Toyota's ongoing recall.continue reading »

Ford, the US car company that didn't plead for a bailout, has had a great month. December sales are up 33 percent from a year ago while GM and Chrysler, the Motor City panhandlers, saw sales drop. Could there be a connection?

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Today President Obama will propose a new tax on the nation’s biggest banks, reports today's Washington Post... continue reading »

Saying goodbye to $75 billion is always tough. Discovering that your government used it to do harm, hurts even more. In February, President Obama announced the "Making Homes Affordable" program, a plan to lower mortgage payments for deadbeats, er, homeowners who couldn't keep the payments current... continue reading »

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Saying goodbye to $75 billion is always tough. Having it do more harm than good, hurts even more. Back in February, President Obama announced the "Making Homes Affordable" program, a plan to lower mortgage payments for deadbeats, er, homeowners who couldn't keep the payments current... continue reading »

University of Michigan business professors Ran Duchin and Denis Sosyura recently conducted a study of banks that received bailout money... continue reading »