The American Enterprise Institute's Council of Academic Advisers honors Leon R. Kass, recipient of the Institute's 2012 Irving Kristol Award. The Irving Kristol Award is presented to an individual who has made extraordinary intellectual or practical contributions to improved government policy, social welfare, or...

Tom Miller's remarks on the election's impact on health care at the annual meeting of the American College of Physicians.

From the perspective of the corporate profit and loss statement, a trading loss is one expense item in the context of all revenues and expenses. So $2 billion should be compared to the bank's $26.7 billion in pretax profits for 2011, suggesting a reduction of something less than 10 percent in annual profit.

Just as with Horton, the people in our policy debates who spend their time pointing to the not seen, are often ridiculed, slandered, and disrespected. Bastiat observed that when government goes beyond referring free-enterprise to actively interfering with it, the consequences fall into two categories: what is seen, and what is not seen.

The American Enterprise Institute's Council of Academic Advisers honors Martin Feldstein, recipient of the Institute's 2011 Irving Kristol Award.

Interventionism is worth the cost, especially when weighing America's moral obligation to defend our allies. The military and trade challenges blossoming from China's rise are too great to ignore.