As policymakers continue their efforts to reduce the government’s role in the currently nationalized housing market, the broadly available and deep subsidies provided to the five divisions of the Government Mortgage Complex continue to distort the marketplace and thwart these efforts.

The SEC cannot regulate the capital markets from an empyrean height.

This post by Rick Hess is a response to Fawn Johnson's post on the National Journal blog, "Education Experts."

The normal way that free societies encourage "responsible" behavior when it comes to the cost of services is to allow sellers to set a price and buyers to decide whether they're willing to pay it.

At this AEI event, Wharton professor Joseph Gyourko discusses the implications of his research on the Federal Housing Administration. Edward Pinto, AEI scholar and housing finance expert, will respond.

On these quite intensive days for Government and the Parliament we deem it relevant and appropriate to reflect upon the issue of competition. This word has been frequently abused and idolized as the goal of any market process instead of being considered an instrument, a process regulated for the benefit...

Tax reform perpetually tops policymakers' lists for ways to grow the economy, but a generation has passed since the last successful effort, the Tax Reform Act of 1986. This is because of a simple political reality-it's hard. But not, I believe, impossible.

The fierce battle over reform was based on the perception that Americans did not get good value for their money. That perception is wrong.

The United States remains the ultimate target of nihilist extremists who distort religion as a justification for murdering innocent men and women. We can try to behave as if that were not the case, but that sort of self-delusion could put the lives of innocent U.S. citizens at risk.