Learning from the crises you’ve forgotten.
The FSOC’s decision to back away from SIFI designations has major implications for the regulation of ‘shadow banking.’
If you don’t like price rationing, please explain how limited supplies of a good are to be allocated.
In an otherwise bitterly partisan political environment, two recent policy proposals from both sides of the aisle share core ideas for reforming anti-poverty programs.
One factor that is often overlooked in the debate over causes of income inequality is a shift in the distribution of working hours. The rich now work more than the poor.
The Miller-Sanders bill addresses the immediate crisis, but underlying structural defects must be corrected if we are to avoid more problems again soon.
Progressives are proposing expensive expansions of Social Security, but the retirement crisis is overblown.
The IMF is urging the ECB to implement massive quantitative easing, but such a course of action is unlikely to promote short-term economic growth and would risk creating bigger bubbles in many asset markets.
Our hodgepodge of efforts to help the uninsured have substantially reduced the incentive to buy coverage.
The battle between new smartphone-enabled 'transportation network companies' and legacy taxicabs largely mirrors the age-old war over productivity, a war that only ever has one outcome.
The current tax code denies families appropriate tax relief for work-related child care expenses. A new Senate bill would help correct this problem.
In the many reviews of Thomas Piketty's 'Capitalism in the Twenty-First Century,' there has been no careful analysis of the author's conceptual structure.
The genetics revolution poses challenges to the way that the FDA and patent system influence medical research. Prize-grants could be better suited to providing incentives for the sort of research becoming valuable.
Aereo’s system was a case of legal engineering rather than technical ingenuity.
A new EPA rule is a disaster for farmers and the traditional understanding of the relationship between the federal government and the states.
Developments in the Middle East and Ukraine show Europe needs to improve its energy policy or face serious economic consequences.
Automatically awarding attorney fees to the prevailing party, at least in patent cases, would be a grave mistake and wreak havoc on our legal system.
The Treasury and Federal Reserve, afraid of congressional opposition, sought G-7 support for accelerated SIFI designations of capital markets firms.
Complex changes do not bring unalloyed benefits, and rather than adhering to a simplistic infatuation with new riches, we should recognize a number of already obvious complications and ask a number of necessary questions.
Despite an electorate that is increasingly hostile to the European project and the risk that Europe could be drifting towards Japanese-style deflation, European policymakers remain complacent.