There's no question that hard work and talent make someone more likely to achieve economic success. But for every successful person who exhibits these qualities, there are hundreds of others who are just as talented and work just as hard, yet earn only modest incomes.

Even talent and the...

Last month the Congressional Budget Office projected that President Obama's recently proposed budget would add more than $9.3 trillion to the national debt over the next ten years. That's one third more than the administration's own projections. If the CBO is right, our national debt in 2019 will be roughly...

Why do brides spend thousands of dollars on wedding dresses they will never wear again, while grooms, who will have scores of future occasions that call for formal attire, generally rent a cheap tuxedo? It's an interesting question, since the logic of the situation would seem to dictate the...