Beyond the Securities and Exchange Commission's oversight failures in the cases of Enron and WorldCom, the Commission's addiction to press coverage has led it to emphasize enforcement activities above all else.

It’s depressing to watch, but it is missing the point that the Volcker rule would not have prevented the loss and is probably unworkable.

On April 5, 2012, the President signed into law the Jumpstart Our Business Startups (JOBS) Act, which passed by a large bipartisan majority in the Congress. The Act is designed to facilitate the equity funding of new companies. Recent research has documented that from 1980 through the 2008-09 recession new companies have been main drivers of job creation in the United States. 

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.

Make the Treasury Department truly responsible for managing all the government's debt. Managing only Treasury securities deals with only about half, and sometimes less than half, of the effective government debt.

A recent Supreme Court ruling gave a significant victory to those seeking to prevent plaintiffs' lawyers from taking advantage of our overly generous civil justice system, and should prompt a thorough review of our civil justice system and provide an impetus for reform.

In November 2006, the Committee on Capital Markets Regulation, a group of academics and market specialists, issued its interim report, the first research report on the apparent migration of public offerings by international companies from the United States to London and other overseas markets. The interim report analyzed the causes...

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.