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    As Fed Tapers, More Central Bank Independence Needed

    This week finance ministers and central bank officials from around the world will converge on Washington for the spring meetings of the World Bank and the International Monetary Fund. Discussions of monetary policy normalization are leading this year’s expansive schedule. One notable item missing from the agenda is discussion of … More

    Johnson–Crapo Housing Finance Reform Misguided

    Senators Tim Johnson (D–SD) and Mike Crapo (R–ID) recently released their new housing finance reform bill. As expected, the new bill makes the bad features of its Senate companion even worse. >>> Check Out: Johnson–Crapo Housing Finance Reform Misguided The core of both this bill and the one introduced by Senators … More

    The Four Key Things Every Taxpayer Needs to Know About Fannie and Freddie

    Five years ago, Congress used nearly $200 billion to bail out the housing finance companies Fannie Mae and Freddie Mac. These companies are still operating under the direct control of the federal government, and taxpayers are underwriting an even larger share of mortgages now than in 2008. Here are four … More

    Are These Senators Regretting Their Export-Import Bank Votes?

    For some lawmakers, corporate welfare is okay, unless it hurts someone in their district. Four lawmakers from Minnesota and Michigan are up in arms over a proposed $650 million financing deal for Roy Hill, an Australian mining company. The deal, backed by the Export-Import Bank, the U.S. government’s export credit … More

    Obama: End Fannie and Freddie, but Keep Government in Housing Business

    President Obama lent his voice today to the growing consensus in Washington that federally sponsored housing giants Fannie Mae and Freddie Mac must go. While this is a welcome stance, he also called for new government guarantees for the housing finance market, which would only perpetuate the dangerous taxpayer subsidy … More

    China’s Financial Quandary: Get Used to It

    The finance media are discovering that China has trapped itself with bad monetary policy, joining a long list of countries in this situation. The media should next realize that China faces not a crisis but a long-term problem of untangling the effects of bad decisions made over several years. The … More

    Washington in a Flash: Debt Talks

    Yesterday’s debt-limit talks were “very constructive,” according to President Obama. But with party leaders still far apart on a number of issues, Obama will reconvene the group Sunday in hopes of reaching a deal before the administration’s Aug. 2 deadline. Rank-and-file lawmakers are growing impatient with the pace of progress. … More

    Morning Bell: It's All Downhill From Here

    This Morning Bell is the third in a five-part week-long series on how Obamacare will affect you. The scariest part about yesterday’s Senate Finance Committee vote passing its version of Obamacare, is not what is in their bill (to the extent that it even exists), but that the Finance Committee … More