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It might as well be Harry Potter’s invisible Knight Bus, because no one can prove it exists.

As we celebrate Occupy Wall Street’s first birthday, the movement's pivoted from financial regulation to focus on crushing consumer debt. While reforming debt is crucial (particularly student debt), finance remains an imminent threat to the American economy. We shouldn't forget it.

No idea is more central to conservative economic thinking than the belief that cutting taxes leads to higher economic growth. One can certainly understand the appeal of this belief: It would be great if government could collect the same amount of revenue, but with much lower tax rates, because those

Sick of investment advice from hacks like Warren Buffet and Donald Trump? Ask a congress member. Roll Call published their latest list of the “ 50 Richest Members of the 112th Congress” last week. Texan House Representative Mike McCaul took first place, reporting a minimum net worth of $305.46

Four years ago today, Lehman Brothers collapsed as Hank Paulson and his colleagues made the fateful decision that free market principles demanded that at least one bank crippled by the deteriorating financial system had to be sacrificed at the altar of moral hazard. These “deciders” had no idea of

How a Facebook get-out-the-vote campaign can have a tangible impact on voter turnout—but only when there’s a certain sort of social component to it.

Iowa’s Democratic attorney general and Republican secretary of state made a show of solidarity last month in announcing they were fighting a lawsuit that challenges the emergency powers the secretary of state has given himself to purge registered voters he isn’t convinced are U.S. citizens. “We’re

For the magazine’s 20 th Anniversary, the September issue of SmartMoney has a long section recapping changes in American personal finance -- and on what they got right and wrong -- over the last two decades. Their historical review starts with the blunt question: Who’s responsible for your

It’s time we change how we think about poverty. The newly released Census report on poverty received a lot of attention from the chattering class. But was it really deserved? There are many ways in which the rate understates poverty. The poverty line, individuals making $11,484 a year, has been used

Today, Ben Bernanke announced that the Fed would launch another round of $40 billion dollar a month quantitative easing, a decision that analysts expected after his pessimistic appraisal of the recovery in Jackson Hole last week. Bernanke's not only doubling down on quantitative easing, but, unlike