Why has financial deregulation led to credit crisis? This macroeconomist returns to John Maynard Keynes for an explanation of the failure of financial marketsâand indeed the failure of accepted economic theory todayâto warn the nation, no less to prevent its occurring.

Computerized markets do not work the way the old securities markets once did. In the past, there were always market makers who stood between the buyer and the seller. Today, this is an antiquated system, relegated to such ancient institutions as the New York Stock Exchange. But this economist...

Is there a way to lower oil prices? Yes, says this author. First, we acknowledge that speculation has driven prices up to current levels. Then, weâthe U. S. governmentâsell oil into the market. Read on.