Let’s understand something. Increasing regulation, and spreading it over the rest of the financial economy, only solves Congress’s problem; it makes everything else worse. We’ve seen this before. The Sarbanes-Oxley Act in 2002 imposed immense costs on U.S. companies and…
Two narratives seem to be forming to describe the underlying causes of the financial crisis. One, as outlined in a New York Times front-page story on Sunday, December 21, is that President Bush excessively promoted growth in home ownership without…
Apparently dissatisfied with their presidential choices, Republicans are asking, “Why don’t we have another Ronald Reagan?” But if we think seriously about what made Ronald Reagan a great leader and a great president, we may find that there’s a reasonable…
There are several major deficiencies — even logical gaps — in the Halper-Clarke thesis that Ronald Reagan would not have invaded Iraq (“Neoconservatism Is Not Reaganism,” TAS, April 2004, and posted yesterday as “Would Ronald Reagan Have Attacked Iraq?“). The…