For many Americans, Obama's administration has been a disappointment because the change he promised fell short of the high expectations of him when he won the 2008 election. Unfortunately, many also now feel that a Republican candidate won't change matters either. Poll numbers repeatedly show that politicians have record low...

While its more fashionable for certain politicians and many Western media commentators to blame China for America's economic ills, the reality is that the U.S. and the rest of the world would likely be in a deeper recession, if not a depression, were China missing from the global picture.

(a sampling of ideas in my book)

1. Invest in education.

Education is the most important foundation that the U.S. can invest in, and test scores across the country are rapidly falling behind the rest of the world. Instead of having children aspire to become reality...

Imagine there's no Wall Street
It's easy if you try
No bubbles, no bailouts
They cannot even lie
Imagine all the bankers
Living life modestly

Imagine there's no lobbies
It isn't hard to do
They can't...

PIMCO's Bill Gross has remarked that our nation became a superpower because "we were getting richer by making things, not paper." Unfortunately, for the last few decades, our nation has primarily grown weaker by making worthless paper in a variety of ways -- junk bonds, subprime mortgages, and...

With personal and national debt reaching record levels and unemployment at its most severe since the Great Depression, now may be the opportunity to abandon growth economics and come up with economic models for shrinking economies. Why not consider doing more with less and returning more to the environment than...

I mentioned my article "Wall Street's House of Cards" a few weeks ago on the Huffington Post and received requests to publish it online. Well, I finally got around to posting it on my website. I hope you will read it and find it enlightening. I also included the...

At the heart of the current credit troubles is a crisis of confidence. Nobody trusts the rating agencies, the auditors, the regulators, or the bankers anymore because they are either viewed as liars or as incompetent. It won't matter how low the Fed lowers interest rates or how much money...

Every day CNBC features talking heads who drone on with the same platitude that there is fear in the market regarding the lack of transparency in the banks. "Lack of transparency" is really a euphemism for "bankrupt." Whether it is Citicorp, AIG, Fannie Mae, or your pension funds, all these...

Henry Paulson, the newly sworn in U.S. Treasury Secretary, debuted with a speech expressing a desire for China to move more quickly in changing its currency policy as part of his agenda to help the Bush administration reverse our nation's record twin deficits with minimum economic disruption. This desire stems...

With the U.S. Senate's recent hearings on hedge funds, it's time for greater media scrutiny of these lightly regulated financial vehicles. Accounting for over a trillion dollars of invested capital, the public at large should be made aware of the risks hedge funds pose to the global financial system.