The federal government has taken over large swaths of consumer lending, most notably the $10 trillion home mortgage and $1 trillion student lending markets. The government's share of new loans for each now approaches 100%.Government monopolies in financial services pose risks to taxpayers as well as borrowers

Although unilateral freeing of trade is generally less beneficial than reciprocity, it can trigger "sequential" reciprocity through example or by encouraging lobbies abroad to favor trade expansion.

Recent court decisions in India endanger drug investment.

India has enormous potential for drug development if its legal system will respect intellectual property.

While Obama complained about "politicians" blocking comprehensive immigration bills, he was one of them himself. Some new approach is needed, and Obama did little to point the way. El Paso was all about election 2012, not serious immigration reform.

Barack Obama has been encountering roadblocks on the audacious path toward a European-style welfare state.

The "Buy American" clauses in the stimulus legislation may trigger a costly and spiraling trade war.

The "Buy American" clauses in the stimulus legislation may trigger a costly and spiraling trade war.