A systemic risk adviser is distinctly worth a try, and, if it is properly structured, we should try it.

The proposal to make the Federal Reserve a "systemic risk regulator" is deeply misguided.

A "systemic risk adviser" independent enough to point out the systemic risks being created by the government's financial actions and policies, in addition to those of private financial actors, might be a useful institution.

Increasing regulation, and spreading it over the rest of the financial economy, may solve Congress's problem, but it makes everything else worse.

Property-and-casualty insurance companies will almost inevitably fall victim to the proposed "systemically significant" designation and regulation.

When it comes to taxpayer-funded bailouts, it is an especially good idea to have connections in both parties.

Last week's events practically guaranteed that Ben Bernanke will be sitting in the chairman's office for many years to come.

There is no evidence for the notion that large, nonbank financial institutions cannot be allowed to fail, yet the claim has become the foundation for the Obama administration's regulatory regime.