This book by Alan Viard and Robert Carroll proposes to completely replace the income tax system with a progressive consumption tax.

Major American corporations have recently begun to pressure their outside law firms to meet certain “diversity goals” both firm-wide and in the legal teams assigned to the company’s work. In May 2005, more than sixty of the nation’s top law firms signed a pact agreeing to report the race, gender,...

Eliminating tax subsidies for major energy companies is a bad idea. Singling out big American energy firms for this kind of treatment is abusive and a "glaring violation of the rule of law."

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.

Acquisitions of privatized firmspose the question of how public ownership may alter the incentives of a firm to engage in anticompetitive conduct.

Under the Dodd-Frank financial-reform law, large nonbank firms may be declared systemically important because their failure will cause a systemic breakdown. In effect, this amounts to a government statement that these firms are too big to fail.

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.