Support for Federal Reserve Audit Increasing

Last week Cato hosted a policy forum on “Bringing Transparency to the Federal Reserve,” featuring Congressman Ron Paul. As mentioned in CQ Politics, Rep. Paul’s bill, HR 1207, has been gaining considerable momentum in the House, with currently 244 co-sponsors, ranging from John Boehner to John Conyers Jr. In fact, the Senate companion bill was […]

Gift Cards: What Congress Gives, the States Take Away

Little noticed in the recently enacted credit card bill was a provision prohibiting retailers and financial institutions from issuing gift cards that expired with a set time, except under certain circumstances.  While card issuers had been using expiration dates to estimate and manage their liabilities, many States had been “collecting” the value of these unused […]

Consumer Financial Product Commission Distracts from Real Reform

Today the Obama Administration released a 152-page draft bill to create a new Consumer Financial Product Commission. While intended to protect against consumer confusion and reduce the likelihood of future financial crises, the proposed agency will at best have little impact and at worst contribute to the next financial crisis, with the added effect of […]

The Roberts Revolution to Come

As I mentioned yesterday, the U.S. Supreme Court surprised many people by ordering a reargument in the case of Citizens United v. Federal Election Commission. Specifically, the Court called for the parties to the case to address the question of overruling Austin v. Michigan Chamber of Commerce.
The Court decided Austin v. Michigan Chamber of Commerce […]

Private School Productivity Off the Charts

A new study of Florida’s tax credit scholarship program was announced yesterday, reporting test scores both for private school students in the program and for low-income public school students. The report notes that scholarship kids were much more disadvantaged than even the low-income public school students, and it wasn’t able to control for those differences, […]

Appointing Another Supreme Commander of NATO

The Obama administration has just carried out one of its standard rituals — choosing a new commander of NATO.  But why are we still in NATO?
Reports the New York Times:
When Adm. James G. Stavridis took over the military’s Southern Command in late 2006, his French was excellent but he spoke no Spanish. Not content to […]