We're about to enter a very long campaign in which where an apparently squeaky clean Mitt Romney is going to be demonized for his success and dragged through the gutter. Meanwhile, Obama took cash from a true denizen of the gutter.

The financial regulation bill winding its way through Congress will provide an implicit government guarantee to the nation's largest financial firms.

When it comes to taxpayer-funded bailouts, it is an especially good idea to have connections in both parties.

It’s the beauty part of free-market capitalism: To successfully pursue happiness, you must help others do likewise.

While members of Congress might complain that Goldman Sachs was paid in full during the American International Group bailout, many of them support legislation that authorizes the government to do exactly the same thing in the future.

The Dodd-Frank legislation has many problems and omissions, and much is still uncertain about implementation. But the new liquidation authority provides for the possibility of making it so that future crises do not involve the bailouts of creditors that truly embodied the problem of having banks that are too big to fail.

The idea that China is practicing a new form of capitalism, and may even be “doing capitalism better than America,” is reaching a fever pitch in policy and business circles.