The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed. 

America's version of capitalism has been much more dynamic than Europe's. Why don't Obama and Romney debate that?

American Enterprise Institute economist Peter Wallison explains why the recent JP Morgan losses are proof that the Volcker Rule is unworkable and should be abandoned.

The real question hanging over all this is whether there was a quid pro quo for Mr. Chen’s release.

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.

A total of 15 different U.S. food and nutrition programs (FANPs) serve about one in four Americans at a current annual cost of almost $100 billion. Can the government actually improve our personal eating habits? Are these billions of dollars well-spent?

I learned to appreciate the American free enterprise system by quitting a job in Spain.At age 19, I dropped out of school to pursue a career as a French horn player. After a few twists and turns, I wound up in the Barcelona Symphony, which was a Spanish...

Democrats are calling for a nationwide end to mortgage foreclosures. It is hard to imagine a more shortsighted policy under our current economic circumstances.