With the recent publication of its final rule, the federal government's Financial Stability Oversight Council is now in position to designate certain nonbank firms as "systemically important financial institutions" (SIFIs). There is probably no aspect of the Dodd-Frank Act that will have more damaging effects on competition in the U.S. financial system.

Will we recover, unbridle ourselves of debt, innovate, pay for our national security? Or, is China fated to become number one, leaving us to live in a Chinese world?

In light of recent attacks on Governor Mitt Romney’s record at Bain Capital, American Enterprise Institute (AEI) director of economic policy studies Kevin Hassett and economist Steven Davis examine in their recently published piece what is private equity, its impact on jobs, and its role in the American economy.

Governor Romney's defenders have argued that critics of his role at Bain Capital are really attacking capitalism itself. Given the academic evidence, we would have to agree.

Critics have renewed their calls to tax the carried interest as ordinary income. Unfortunately, the populist rhetoric used by some critics can obscure the facts about how carried interest is actually taxed.

Longstanding policies that were intended to promote confidence in the independence of regulatory decision-making have now been wiped away by the Dodd-Frank act, which has in effect placed all the financial regulators under the direction of the Treasury secretary.

The most egregious factual omission by "When Mitt Romney Came to Town" is that quite often when Romney came to town some pretty good things happened.

Tax hikes on private equity firms will hurt the ordinary investor most.