Barack Obama’s presidency has had profoundly negative consequences for our national security. From debilitating cuts in defense budgets, to gutting national missile defense efforts, to his unwillingness to acknowledge a continuing war against terrorism, to his inability to stem the nuclear proliferation threats posed by North Korea and Iran....the picture is bleak.

Home prices are quite sticky, andfears of a major fall in house prices, with all of its attendant negative macroeconomic consequences, typically are not warranted even in extreme foreclosure circumstances.

Unlocking "unconventional" energy requires unconventional politics, and that's one resource that is genuinely scarce among today's backwards-looking bureaucrats and green interest groups.

The $2 billion loss by JPMorgan Chase has reawakened debate about whether banks are taking excessive risks, but many facts have gotten lost in the breathless media coverage.

The Fed has a serious challenge in trying to unwind what it has done to the US housing market.

When he was director of central intelligence, Leon Panetta earned a reputation as an energetic advocate for his agency. When he replaced Robert Gates at the Pentagon, it was reasonable to hope that Panetta would continue to play the role of a senior statesman.

An AEI survey found that when asked to think of the cost for a low-income student, a majority of parents do recognize a distinction between sticker price and “net price after aid.” Yet, low-income parents often tend to overestimate the net price of college attendance.

Testimony before the House Committee on Industrial Relations for the State of Georgia on the harmful effects of a bill to enact comprehensive pharmaceutical price controls.