The Many Problems With Financial Reform

By: Nick Ottens (Diary)  |  March 31st at 03:33 PM  | 

Former Federal Reserve Chairman Alan Greenspan warned in the Financial Times of the hugely market distorting effects of the Dodd-Frank financial bill this week. A day later, the chairman of the Congressional Budget Office testified before the House financial oversight committee about the fiscal impact of the reform act that was hammered out by lawmakers this summer. Dodd-Frank, for starters, creates many new federal bureaucracies, | Read More »

America’s Looming Entitlement Disaster

By: Nick Ottens (Diary)  |  January 7th at 11:40 AM  | 

After billions in stimulus spending and bailing out banks and automakers, America’s public finances are in dire straits. Last year, the federal deficit reached almost $1.5 trillion while the debt has grown to $14 trillion, equaling the total annual economic output of the United States. Americans may need to brace for austerity but plans to rein in spending are few and controversial. Republicans have pledged | Read More »