Prohibiting their bond trading will seriously weaken banks and the markets that banks supply with liquidity.

Which politicians do you trust more to micromanage your health care: federal or state? That’s the false choice presented by two versions of “federalism” intended to divide responsibility for health policy between the national government and the states.

President Obama’s scorn for the Constitution has been expressed most recently in his "recess" appointments of members of the National Labor Relations Board and the chairmanship of the Consumer Financial Protection Bureau.

Longstanding policies that were intended to promote confidence in the independence of regulatory decision-making have now been wiped away by the Dodd-Frank act, which has in effect placed all the financial regulators under the direction of the Treasury secretary.

The Regulatory Accountability Act is an effort to channel the discretion and improve the performance of the modern administrative state.

The Dodd-Frank Act in general, and in particular its favorite child, the Consumer Financial Protection Bureau, represent sharp political disputes, as now with bypassing the Senate by the "recess" appointment of its director. But more fundamentally, they represent clashing political philosophies.

This article is the first part of a two-part examination of the contentious issue of how state governments' provision of goods and services to the public should be taxed under a VAT.

H.R. 10 requires Congress to vote on the rules which unelected agency officials issue under vague mandates from Congress. This is the right way to find out which regulations the voters desire.