Financial Markets

Financial meltdowns and exploding funds have discredited the free capital market in Romania. But was it a case of market, or government, failure? Tudor Smirna investigates.

Manuel Asensio is better than the SEC when it comes to ferreting out stock scams—and, therefore, performs a fabulous market function by selling short. Christopher Mayer explains.

The Sacagawea $1 coin was introduced with great fanfare. But so far as anyone can tell, it has disappeared. What happened? Burt Blumert explains.

The European currency is stuck in a rut because governments have insisted on using the conversion period as an excuse to collect more in taxes. Hans Sennholz explains.

Why are some of the top names in the securities industry cooperating with an obvious shakedown racket? Gregory Bresiger explains what's behind the Wall Street Project.

Tax cuts are great, but there is a missing element in Bush's budget: any attempt to cut outlays. New spending must be paid for somehow, someday, writes Frank Shostak.

A former Fed chairman explains how the stock-market bubble has changed American values for the worse. Gregory Bresiger reports.

If millions of mutual investors should stampede out of their holdings, would they cause a "mutual fund death spiral"? Under the Investment Company Act, the SEC is authorized to suspend the redemption obligation.

He has succeeded in misleading almost everyone into accepting a bizarre and idiosyncratic view of the business cycle, writes Joseph Salerno.

Section 31 (a), a remnant of the New Deal that hits every stock trade, rakes in billions of play money for the government. Yet they call it a fee, not a tax.