How Fannie and Fed Caused the Crash

Economist John B. Taylor reviews Reckless Endangerment by Gretchen Morgenson and Joshua Rosner: The book focuses on two agencies of government, Fannie Mae and the Federal Reserve. The mutual support system is better explained and documented in the case of Fannie, the government-sponsored enterprise that supported the home mortgage market by buying mortgages and packaging […]

How Fannie and Fed Caused the Crash is a post from Cato @ Liberty – Cato Institute Blog

How Fannie and Fed Caused the Crash

Economist John B. Taylor reviews Reckless Endangerment by Gretchen Morgenson and Joshua Rosner: The book focuses on two agencies of government, Fannie Mae and the Federal Reserve. The mutual support system is better explained and documented in the case of Fannie, the government-sponsored enterprise that supported the home mortgage market by buying mortgages and packaging […]

How Fannie and Fed Caused the Crash is a post from Cato @ Liberty – Cato Institute Blog

Obama as Reluctant Deregulator: Four Months Later

When President Obama, following his midterm “shellacking” at the polls, announced his belated conversion to the cause of regulatory relief, I was skeptical. I noted that, despite the reputation of OIRA chief Cass Sunstein as a brilliant scholar with an openness to cost-benefit analysis rare on the Left, the first two years of the Obama […]

Obama as Reluctant Deregulator: Four Months Later is a post from Cato @ Liberty – Cato Institute Blog

Obama as Reluctant Deregulator: Four Months Later

By Walter Olson

When President Obama, following his midterm “shellacking” at the polls, announced his belated conversion to the cause of regulatory relief, I was skeptical. I noted that, despite the reputation of OIRA chief Cass Sunstein as a brilliant scholar with an openness to cost-benefit analysis rare on the Left, the first two years of the Obama […]

Obama as Reluctant Deregulator: Four Months Later is a post from Cato @ Liberty – Cato Institute Blog

‘Wait and Hurry Up’ in Debate over Patriot Act

If Senate leaders believed that expiring portions of the Patriot Act constituted an immediate increase in the risk of terrorism, it’s amazing that they waited until now to even nod toward debating the law’s renewal. A few thoughts from Cato Research Fellow Julian Sanchez on the current Patriot Act debate ripped from today’s podcast: … […]

‘Wait and Hurry Up’ in Debate over Patriot Act is a post from Cato @ Liberty – Cato Institute Blog

‘Wait and Hurry Up’ in Debate over Patriot Act

If Senate leaders believed that expiring portions of the Patriot Act constituted an immediate increase in the risk of terrorism, it’s amazing that they waited until now to even nod toward debating the law’s renewal. A few thoughts from Cato Research Fellow Julian Sanchez on the current Patriot Act debate ripped from today’s podcast: … […]

‘Wait and Hurry Up’ in Debate over Patriot Act is a post from Cato @ Liberty – Cato Institute Blog

Notice of Court Orders Is Important in Death Penalty Cases

The representation of prisoners accused of capital crimes is unique in its difficulty — and in the consequences — when that representation is inadequate. Maples v. Thomas, which will be argued before the Supreme Court this fall, exposes some of the serious cracks in the system charged with representing indigent defendants in such cases.    Cato takes no position on the […]

Notice of Court Orders Is Important in Death Penalty Cases is a post from Cato @ Liberty – Cato Institute Blog

Federalism and Med-Mal Reform

Thanks to star libertarian lawprof and Cato senior fellow Randy Barnett for pointing out something that has needed saying for a while: most proposals in the U.S. Congress to address medical malpractice law run into serious federalism problems. Most medical malpractice suits go forward in state courts under state law. If the U.S. Congress wishes […]

Federalism and Med-Mal Reform is a post from Cato @ Liberty – Cato Institute Blog

Once More Into the Obamacare Breach

Today we filed Cato’s sixth brief supporting the various legal challenges to Obamacare, this time in the D.C. Circuit.  Like Tom Joad, wherever the fight has been, we’ve been there, and now it’s in our backyard. In February, Judge Gladys Kessler of the D.C. district court granted Congress the power to regulate “mental activity” in […]

Once More Into the Obamacare Breach is a post from Cato @ Liberty – Cato Institute Blog

Why Budgets Are Busted

Three stories in today’s Washington Post help us to understand why governments around the world are facing unmanageable deficits. On the front page: When Prime Minister Jose Luis Rodriguez Zapatero took power seven years ago, he and his Socialist Workers’ Party set out to perfect the welfare state in Spain. The goal was to equal— […]

Why Budgets Are Busted is a post from Cato @ Liberty – Cato Institute Blog