The following is excerpted and adapted from Mr. Brooks' upcoming book "The Road to Freedom: How to Win the Fight for Free Enterprise," to be released on May, 8 2012.Liberals often accuse conservatives of being obsessed by morality. But the truth is, many conservatives are reluctant to talk...

In a new book entitled “Financing Failure: A Century of Bailouts,” Vern McKinley provides the most detailed account yet of the government’s decision-making process during these momentous events.

A regulatory response to problems in mortgage servicing must fix problems in the industry but avoid poorly conceived actions that would crimp American families' access to mortgage financing and threaten the still-weak housing recovery and the broader economy.

Government housing policies and the toxic mortgages they spawned were the sine qua non of the financial crisis.

History has shown--and simple economics would anticipate--that a government subsidy for a freely prepayable 30-year fixed-rate mortgage is not good policy.

Low mortgage underwriting standards were partially responsible for the collapse of the housing market. Now that standards have been raised to prevent another collapse, there are calls to bring them back down again.

Tax Analysts' Martin A. Sullivan recently sat down with Alex Brill, a research fellow at the American Enterprise Institute, to discuss his tax reform plan, which he hopes can win bipartisan support.

Generally Accepted Accounting Principles (GAAP) is an accounting system that relies primarily on cost to establish balance sheet values. This works well when hitched to a depreciation system that reduces the value of assets as they are used up or made obsolete. But how should companies account for financial assets...