AEI scholars have provided ideas to understand the financial crisis and have proposed what steps need to be taken to protect our financial system.

The growth of law and litigation since the 1960s is often decried for being costly and inefficient. But what about the benefits? Hasn't expanded liability also produced greater fairness and accountability and more responsible decisions? In his new book, Life Without Lawyers: Liberating Americans from Too Much Law (Norton, 2009),...

Some politicians realize extending this debate over a tiny share of the budget will detract from the bigger questions that will hit the fiscal 2012 budget starting in April.

It is likely that we change in April from confrontation over $2 billion or $4 billion to confrontation over raising the debt limit, a much more deadly risk to the American and global economy.

History shows us that sovereign governments often default on their loans, particularly in times of war or economic upheaval. Europe finds itself in this situation now and would do well to examine past sovereign debt crises—particularly, the European sovereign debt crisis of the 1920s—for lessons.

America's confidence in Wall Street and banks is plummeting.

The Obama administration hopes to improve U.S. relations with the Muslim world and achieve global nuclear disarmament.

Howimportant is it that the FDIC has the capability to handle a large bank failure with a prompt payout to depositors or a transfer of funds to a bridge bank?