“In June 2009, President Obama proposed to address failures of consumer protection by establishing a new financial agency to focus directly on consumers, rather than on bank safety and soundness or on monetary policy.” So explains the Consumer Finance Protection Bureau (CFPB), the new federal agency that emerged in the midst of a deep…
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Nobel laureate and columnist Paul Krugman says he is looking forward to health care as run by the Department of Motor Vehicles, based on his own swift and courteous experience with that agency. At the same time, he says, his own dealings with private health care have been a bureaucratic nightmare. Krugman’s evidence was…
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In a very timely new article in The Weekly Standard, “The Ultimate Stimulus? World War Two and Economic Growth,” Arthur Herman refutes the Keynesian economics myth that Big Government spending during World War II ended the Great Depression. In so doing, he bases his analysis on the path-breaking work of Independent Institute Senior Fellow…
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