Jamie Dimon had no difficulty understanding one of the cardinal rules of Chicago politics, "Don't back no losers." That makes his apparent move to the Republicans very interesting.

AEI's annual Christmas poem.

If the government chooses to regulate the capital markets, we will simply be assuring ourselves of many more financial crises in the future.

The government-bailout plan will receive little support until the public finds the benefits in it for them.

The accelerating adverse feedback loop must be broken before further wealth destruction and more intense economic contraction usher in a global depression as devastating as the one in the 1930s.

Although the Gramm-Leach-Bliley Act was intended to free banking organizations (including banks and their holding companies) from a regulatory strait-jacket that was impeding their ability to compete, it has not yet had a significant effect.

WhileCongress need not makeurgent changes in the FHLB system, the system's lack of rationale could lead to substantial restraints on its growth--and possibly its eventual decline.

A number of myths regarding American policy and strategy in Iraq have distorted understanding and confused discussion.