The best remedy for Greece's fiscal problems is not simply an early orderly default but rather the nation must accompany a restructuring of debt with an exit from the euro in order to boost its competitiveness internationally.

There is no currency advantage to be gained by borrowing in U.S. dollars to fund the purchase of U.S. dollar-denominated assets.

The spring 2008 expert pronouncements that the worst of the housing finance crisis was behind us now look similar to the spring 2007 declarations that the subprime debacle was contained. Returning panelists at this fourth conference in the Deflating Bubble discussion series have shown no such optimism. AEI scholar and...

A panel of economic and financial experts will discuss the ramifications of living in the wake of the great credit bubble of the twenty-first century.

This was the seventh installment of AEI's "Deflating Bubble" lectures.

At this event, our expert Deflating Bubble panel will define the lessons of the whole twenty-first-century financial experience and make related recommendations for future financial policy.

The pessimistic perspectives of the first two AEI "Deflating Bubble" conferences in March and October 2007 have been more than borne out by events. Announced losses from the housing and mortgage bust exceed $120 billion, and total loss estimates run as high as $400 billion. Problems that began with subprime...

Before President Obama headed off to his rented 28-acre retreat in Martha's Vineyard, he spent a few days campaigning around the Midwest in his new million-dollar, Canadian-made campaign bus, paid for at government expense. He even unveiled what many believe will be his new reelection theme: "Country first."