With the threat of a veto hanging over its head, the National Defense Authorization bill heads to the House floor today for debate. Among the provisions are several dealing with the question of a nuclear weapons armed Iran, and what the United States should do to avert a crisis, prepare to handle the threat, or eliminate the threat altogether.

Ready for the battle in November? You probably think I’m talking about the election. No, I’m talking about the battle around your Thanksgiving table. The dinner conversation will turn to politics and the economy, and it will be your job to stick up for capitalism and free markets.

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.

Hill conferees filed the National Defense Authorization bill last night, which means the conference agreed upon final language. The bill has enjoyed its share of controversy over a detainee provision, but another viciously fought battle included a provision to sanction the Central Bank of Iran. You remember the Central Bank?

Rather than await the decision on the Affordable Care Act, President Obama decided to attack preemptively with error-filled claims about the place of judicial review in our constitutional system. Judicial review springs from the duty of a court, when deciding a case before it, to enforce the Constitution over a conflicting act of Congress.

The first order of business for a Republican president next year should be corporate-tax reform. But even if Republicans win big in the fall, undoing America's largest policy error will be an almost impossible political lift, unless enough people in both parties come to grips with the counterintuitive economics of corporate-tax reform.

In less than twenty-five years, government “affordable housing” and other housing policies have turned a healthy market into a financial ruin. Until Fannie and Freddie’s market dominance and the government’s role in the housing finance system are substantially reduced or eliminated, the United States will continue to have an inferior and unstable housing market.

For the first time in 20 years, Saudi Arabia has named an ambassador to Iraq. For years the Saudis resisted U.S. entreaties to take this step, and the current relationship between these two most important Arab countries in the Gulf has not been warm, so the timing is curious and...