Regulations for international trade in the service sectors (for instance, cross-border transactions by banks, insurance companies, the legal profession, accounting, telecommunications) were first negotiated in the Uruguay Round (1986-1994). At the end of that round, many observers argued that only a skeletal framework had been constructed for services and...

The current financial crisis is a demonstration that well-intentioned government intervention in the private economy can have devastating consequences.

What caused the financial crisis? Simple: the destructive housing policies of the federal government.