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.

The Dodd-Frank legislation has many problems and omissions, and much is still uncertain about implementation. But the new liquidation authority provides for the possibility of making it so that future crises do not involve the bailouts of creditors that truly embodied the problem of having banks that are too big to fail.

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In light of the academic challenge to the notion of competitiveness, AEI has gathered experts to research the value of the concept of competitiveness in different spheres. How do we define competitiveness, and is it worth pursuing as a policy goal? In what way do countries compete in various areas, including international trade, financial services and health care? 

Many Americans resent banks' roles in the financial crisis and in home foreclosures, and are angered at huge salaries paid by firms that received taxpayer money. These feelings are understandable, but not the entire picture.

Failures in the regulation of large complex financial institutions played an important role in the financial crisis.

The failure of the Congressional Super Committee means that major economic policy decisions are likely to wait for 2013. The government will be funded and not bump up against the debt ceiling, and perhaps some modest initiatives might go forward such as renewing payroll tax cuts or extended unemployment insurance benefits.