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No, Smith did not have it wrong. It's just that some of his self-proclaimed disciples have given us a terribly incomplete picture of what he believed. The man himself used the phrase invisible hand only three times: once in the famous passage from The Wealth of Nations that...

Author: /time Magazine | Title: What Would Adam Smith Say? | 3/25/2010 | See Source »

When Brent had a similar moment in middle school basketball, giving up a steal that cost his team the game, it was this message of keeping your head up that prevented Brent from getting too down on himself.

Author: By Scott A. Sherman, CONTRIBUTING WRITER | Title: Family Wisdom Guides Suter | 3/25/2010 | See Source »

Breitbart perceives himself as a new-media David out to slay old-media Goliaths. As he sees it, the left exercises its power not via mastery of the issues but through control of the entertainment industry, print and television journalism and government agencies that set social policy. "Politics," he often...

Author: /time Magazine | Title: Citizen Breitbart: The Web's New Right-Wing Impresario | 3/25/2010 | See Source »

Just last summer, Gates toured the huge Fort Worth, Texas, factory where the F-35 is coming to life and declared himself satisfied. "My impression is that most of the high-risk elements associated with this developmental program are largely behind us," he said. Cheaper F-35s rolling off the...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

But perhaps it is the strategic thinking underlying U.S. military spending that is the problem. Under current plans, the U.S. military will have 1,000 more warplanes than any other nation by 2020, as Gates himself told the House panel. When it comes to the most modern category of fighters...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

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