Throughout history, financial crises have always been caused by excesses—frequently monetary excesses—which lead to a boom and an inevitable bust. In our current crisis it was a housing boom and bust that in turn led to financial turmoil in the United States and other countries.
Of all the issues swirling around the 2008 election, the staggering projected costs for the upkeep of America's largest entitlement programs—Social Security, Medicare, and Medicaid—loom with gathering intensity.
Studies by the Resolution Project at Stanford University’s Hoover Institution Working Group on Economic Policy.
The purpose of this short collection of papers is to demonstrate why the "orderly liquidation authority" in Title II of the Dodd–Frank bill “Wall Street Reform and Consumer Protection Act of 2010” should be supplemented with a new and more predictable bankruptcy process designed specifically for large financial institutions.
In the fall of 2008, fifteen of the world's leading economists--representing the broadest spectrum of economic opinion--gathered at New Hampshire's Squam Lake. Their goal: the mapping of a long-term plan for financial regulation reform.
A review of the headlines of the past decade seems to show that disasters are often part of capitalist systems: the high-tech bubble, the Enron fraud, the Madoff Ponzi scheme, the great housing bubble, massive lay-offs, and a widening income gap.
Written by IDI President Dr. Arye Carmon, this in-depth discussion of the crisis of governance in Israel includes a far-ranging proposal for improving Israel’s political system. The proposal calls for balancing representativeness and efficiency in government.