As Congress considers legislation that would allow imitative biological products, known as "biosimilars," to rely on the safety and efficacy data of original innovators, it must ensure that any provisions passed will foster, not stifle, discovery.

There is no sound policy reason for the federal government to protect the safety and soundness of any financial institution that is not backed in some way by the government.

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

There’s no need to be defensive; the president made a good call on bin Laden, but his courage in that instance pales next to a record that includes his embrace of American decline, his fear of American leadership, his degradation of the military (and not just the Navy, as the Romney campaign appears to think).

The following presentation lays out steps that can be taken in order to help property appraising return to its status as a profession and to its core function: assisting lenders in determining the maximum amount that may be prudently lent on a property.  

The United States has a highly decentralized structure for regulating financial services companies. Banks and savings and loans are regulated at the state level as well as by four federal agencies; insurance companies are regulated by each of the fifty states; and securities firms now have a single...

As NATO summits go, this weekend's meeting of the alliance's members in Chicago may be memorable if only for being the least memorable one in recent history. Of course, quiet summits are not necessarily bad summits. 

The following is a letter to the editor in response to an April 8 op-ed in The Financial Times on the possibility of countries opting to leave the eurozone.