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The L.A. Times The American economy is so hot that Alan Greenspan, chairman of the Federal Reserve Board, is worried it’s overheating. Dot-com billionaires are blooming like spring crocuses. The average pay of chief executives of major companies rose 18% in 1999 to $12 million. Across the managerial, professional and executive ranks of the United […]

Broadcast Oct 25, 2001 It’s one thing for the government to give the airline industry $5 billion without strings. More than the market value of the five major airlines put together, and $10 billion in guaranteed loans. The bailout makes almost no economic sense. I mean, even if an airline went bankrupt, the planes and […]

Financial Times The big winner in this week’s bizarre presidential election is Alan Greenspan, the venerable chairman of the US Federal Reserve Board. Mr Greenspan won because the next president – regardless of whether it is George W Bush or Al Gore – will go into office without authority to do much of anything. To […]

New York Times I do not believe that it is politically feasible to insulate such huge funds from a governmental direction,” Alan Greenspan told the House Ways and Means Committee last week, one day after President Clinton proposed investing a portion of Social Security funds in the stock market. Mr. Greenspan was equally forthright in […]

The Wall Street Journal As America mobilizes for war, Washington must think more clearly about what it wants from American industry. K Street is ablaze with proposed subsidies, loan guarantees, tax breaks, and regulatory relief for industries termed “vital” to the anti-terrorist effort. In war-fevered Washington, politicians of all stripes may be too eager to […]

In the status hierarchy of my profession, the Wall Street economist holds a strangely prominent role. Typically, though not always, he lacks academic standing, analytical achievement, or significant publication. Research is foreign to him; independent thought unknown. His job is mainly to get his name into the papers. At this he works exceptionally hard. And […]

The record economic boom is near a tipping point. Although no seriousinflation is being generated by the sizzling economy, increases in oil prices show up in the general price index. They also worsen America’s balance of trade. Meanwhile, the weakness of the euro is depressing profits that Americancompanies earn abroad. On all these counts, the […]

The Los Angeles Times Not since World War II have Americans felt so unified. We’re fighting a war against terrorism and we’re fighting to get the economy moving again. And we’re all in this together. Except when it comes to paying the bill. The cost of the war on terrorism since Sept. 11 is estimated […]

The Washington Post A growing chorus is telling Americans that one of the best ways to demonstrate that the nation won’t be cowed by terrorism is to continue to buy shares of stock and retail goods. Vice President Cheney said he hoped Americans would “stick their thumb in the eye of the terrorists and . […]

Over the next few weeks, America will be consumed by debate about how life in this beacon of freedom may have to change to confront the terrorist threat. Liberals will have to think creatively about how to protect civil liberties in an era when it has become apparent that there are cells of people within […]