Sluggish growth in global food markets has diminished the competitive advantage U.S. agriculture derives from its huge resource base and superior infrastructure. Unless robust growth in foreign markets resumes, U.S. policymakers will face a difficult choice - let the market remove farm resources...

Equity markets play a crucial role as a lifeline of capital to entrepreneurs. U.S. equity markets are so large and so efficient that they have become an inexpensive way for many companies to raise capital through the issuance of stock. Indeed, many experts argue that the primary benefit of the...