It has been clear for many years that America’s “War on Drugs” is a failure from a moral perspective. For you hard-headed realists, it is worth remembering that it is a failure from an economic perspective, as well.

Our nation has problems, and your nation has problems, but be thankful you don’t live in Venezuela, which is truly one of the most fucked places on earth.

Discussions of raising our nation’s poverty-level federal minimum wage are often met with the objection that paying workers more would kill the profitability of businesses like restaurants. Not so, says a new study.

As you all know, there is no internet comment more devastating and definitive than saying something is “Economics 101”—thereby proving that you are right, beyond any doubt. Sadly, this important internet commenting device is now threatened.

Amid all of the loud political arguments about taxes, inequality, and the size of government, it is important to keep in mind this overarching fact: having our government push wealth from the rich to the poor is a very good idea.

The Republican presidential primary campaign is, to a large extent, a convention of white male fantasy enthusiasts. You say you can double economic growth, with magic? Well I can... triple it!

Have you ever wondered, “How much is all the land in America worth?” You are so high.

"Imagine Detroit as a new municipality about to build a museum stocked and operated at taxpayer expense." Robert Frank explains rationally why Detroit should sell off its expensive fine art. (There are plenty of local artists they can put in that museum.)

Uber is a luxury car service that sells increased convenience for a high price. It may be seen as a symptom of a wealthy lifestyle which rubs many people the wrong way. So what should you do if you don't like Uber? You should not use Uber.

Tomorrow is the 100th anniversary of the federal income tax. Thank you, federal income tax, for all the things you have bought this country, except the wars! On this auspicious anniversary, here are five tax ideas to make the next 100 years even better.

The latest Fed report on student loan debt includes some neat-o maps showing how all of America's student debt is distributed geographically. Washington DC sure is smart, and broke!

Stanley Druckenmiller is a legendary hedge fund manager, former partner of George Soros, and billionaire investor. He is one of the more levelheaded and reasonable of the hedge fund gods. He's made billions of dollars by reading the world economy correctly for several decades. So it's worth at least passing on the fact that he is convinced that a new financial crash is looming for America. Worse than the last one!

One thing you can do on Friday, at the end of the day, when you have a couple free minutes, is to pick up the phone fire all of your "financial adviser" and "investment consultants" and anyone else who takes money from you in exchange for recommending investments to you. Then just buy some low-cost index funds in a mix of stock and bonds, and then go to bed, because that is what smart people who don't like getting hustled do.

"What is going on with the economy these days?" you ask yourself as you sit on the bench in the park where you go every day after you tell your wife you're "going to work." I'm glad that you asked, brother. If you sort of squint and turn things sideways ever so slightly, it is possible to interpret recent economic trends in a positive way.

The recent near-total collapse of the global economy has had some real negative effects. Life savings wiped out; retirements ruined; people evicted from their homes. The fact that 23-year-olds are working at Starbucks even after they've earned their English diplomas? Not at the top of the list.

Even before all of Wall Street collapsed in September of 2008, bringing the national and global economy down with it, there was unemployment. Unemployment has always been a feature of this world. But since the whole "collapse of the economy" thing, it's been clear that if you lost your job, it was probably due to the nefarious work of economic villains far outside of your control. Not any more, though!

Today, global stocks sit at their lowest point in 15 months. In Europe, the markets are "in meltdown," as traders flee in fear of a Greek default that would devastate the continent's financial stability. The world's economy is stuck in a race car with a brick on the accelerator chugging full speed towards a ramp overhanging the tempting lip of the double dip recession. I think we can make it! Faster, faster, whee!

A gang of people are poor. We know that for sure. But economists can't agree on just how we should measure who's officially Living in Poverty. Well, hmm.

In the future, things will be very slightly different. In the future, things will be worse. The future is now.

It's only noon, and already the Dow has dropped by 325 241 336 points. Terror. Panic. Uncertainty. Fear. Should you dump all of your stocks and stash the cash while you still can? No. No. No!