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?

Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

In a June conference at AEI, Kenneth Lehn and his colleagues at the University of Pittsburgh presented a paper suggesting that risk-taking by U.S. corporations has declined since the adoption of the Sarbanes-Oxley Act. The Lehn paper compared U.S. companies with similar companies in the United Kingdom and found a...

The U.S. economy heads down the path toward deflation.

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Most of the controversy surrounding Sarbanes-Oxley has focused on its direct, tangible costs, especially the cost of creating, installing, and auditing internal controls under section 404. But there are many intangible ways in which this legislation could be even...

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return."