This book by Alan Viard and Robert Carroll proposes to completely replace the income tax system with a progressive consumption tax.

American Enterprise Institute economist Peter Wallison explains why the recent JP Morgan losses are proof that the Volcker Rule is unworkable and should be abandoned.

The $2 billion loss by JPMorgan Chase has reawakened debate about whether banks are taking excessive risks, but many facts have gotten lost in the breathless media coverage.

During two closed sessions before the luncheon, committee members discussed the latest in financial regulation issues. At a luncheon briefing following these sessions, SFRC members gave several statements and answered questions.

After a post I did earlier this week on Congress caving on Central Bank of Iran sanctions, I got a grumpy call from my buds at AIPAC. No, they had not “sided with the Obama administration” as I claimed, except in the case of a couple of technical changes to the Menendez-Kirk amendment and one substantial change.

On April 5, 2012, the President signed into law the Jumpstart Our Business Startups (JOBS) Act, which passed by a large bipartisan majority in the Congress. The Act is designed to facilitate the equity funding of new companies. Recent research has documented that from 1980 through the 2008-09 recession new companies have been main drivers of job creation in the United States. 

If a debt cannot be paid, it will not be paid—at least not paid in full. Could Social Security’s debt be settled at a discount by voluntary transactions with its creditors, namely American citizens?

Indeed, price controls are one of the most pernicious kinds of government regulation. In an ironic twist, they often lead to higher consumer prices over time because they build inefficiencies into economic transactions and decision-making that end up costing consumers more money in the long run.