The $2 billion loss by JPMorgan Chase has reawakened debate about whether banks are taking excessive risks, but many facts have gotten lost in the breathless media coverage.

Informed, willing and healthy prisoners should not be deprived of the opportunity to help the sick while improving their own prospects once they are free.

Alex J. Pollock was interviewed by Institutional Risk Analytics to discuss his ideas for abolishing the Financial Accounting Standards Board and the need for meaningful financial reform legislation.

Unless budget hawks can generate a more productive answer from citizens, we are in serious trouble.

In the past couple of weeks, people who care about American politics and about Congress have lost two important figures: Harry McPherson and James Q. Wilson.

In recent days, two ads were released in Florida attacking Mitt Romney’s record at Bain Capital. One was produced by the American Federation of State, County, and Municipal Employees (AFSCME), a left-wing public-worker union that has pledged to spend upward of $100 million to reelect Barack Obama. The other was...

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While the U.S. economy becomes increasingly interconnected with the fate of the global market, trade policy still struggles to captivate the American public’s attention. Popular support for free trade is waning, and the presidential candidates are polarized in their approach to trade policy. What are the candidates’ positions on trade?...