Subverting the Power of the Purse

Yuval Levin recently wrote TheFractured Republic, an intelligent look at the state of political discontent, and a recommended read.  He recently wrote Hillary Is an Embodiment of the Left’s Disdain for Democracy with coauthor Ramesh Ponnuru in National Review. He...

The True Costs of Compliance

from Daniel Yergin at the WSJ, Markets Run Into Skepticism—and Regulators There had been a shift in the balance of confidence—the respective weighting in people’s minds between the role of markets and government, between the invisible hand and the visible one. I once...

Capitalization vs Regulation

While the left claims the greedy 1% led us to financial ruin, years of reflection indicate that wrongheaded regulation and policy had much to do with magnifying the depth of the recession. Deregulation was not the problem, wrong regulation was the problem and Dodd...

Stagnant Inertia

Six years from the Great Recession and the excuses for the tepid recovery are becoming worn.  This time is different- well it always is.  There may be an issue with structural changes that affect employment and wages, but this is less of a rationalization for greater...

Glue In the Financial Machinery

from Phil Gramm in The Wall Street Journal, Dodd-Frank’s Nasty Double Whammy: Over the years the Federal Trade Commission and the courts defined what constituted “unfair and deceptive” financial practices. Dodd-Frank added the word “abusive” without defining it. The...