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  • financial crisis

    Too Big to Fail: Some Questions for the House Financial Services Committee

    Tomorrow, the House Finance Committee, chaired by Representative Jeb Hensarling (R–TX), is holding a hearing on one of the most damaging legacies of the 2008 financial crisis: the “too big to fail” doctrine. Simply put, the doctrine holds that some firms are so essential to the functioning of the U.S. … More

    Greece: Austerity Doesn’t Involve Public-Sector Layoffs

    Slate’s Matthew Yglesias might be attacked as an “austerity denier” now that he has joined Heritage’s Salim Furth in pointing out that there is a lot of policy diversity under the broad label of “austerity.” Yglesias explained last week why a small but sudden layoff of government employees might bring … 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

    Austerity and Stimulus: A Response to The Washington Post

    Journalists should check with both sides before committing pen to paper, especially those at respectable outlets like The Washington Post. It would have served Post reporter Dylan Matthews well if he had followed this dictum. In a blog post, Matthews attempted to refute testimony I gave before the Senate Budget … More

    S&P Suit: No New Laws Were Needed for 2008 Collapse

    The Department of Justice’s (DOJ) civil suit against credit rating agency Standard & Poor’s (S&P) shows that laws that existed well before the financial crash of 2008 were more than sufficient to deal with its potential causes. While the specific charges in this suit will need to be litigated before … More

    Occupy Wall Street: Why Conservatives Shouldn't Ignore the Persuadables

    This is the third of our four-part series on Occupy Wall Street, transcribed from a recent Heritage Foundation event on the movement. In part three, Ben Domenech, research fellow at the Heartland Institute and editor of The Transom, reflects on his own interaction with Occupiers and explains why he’s not … More

    Defense Cuts Put Small–Business Jobs in Jeopardy

    Small businesses that are important to the safety and security of the nation are being gravely threatened by deep defense spending cuts. The NAVSYS Corporation is a small business in Colorado that developed the first GPS cell phone to provide the 911 cellular location services that exist today. That first … More

    World GDP: A Story of American Leadership and Asian Partnerships

    In the midst of a downturn, it’s easy to lose perspective. It feels at the moment like America’s position in the world is slipping and Asia is taking our place. Permanently. On a longer view, that turns out to be only half-right: Asia is rising but America is not falling. … More