Government protection and deposit insurance slows the inevitable—until it doesn’t.
You May Also Like
Editor's Pick
Adam N. Michel The House-passed reconciliation bill includes a new tax measure designed to retaliate against foreign taxes that discriminate against American businesses. This...
Editor's Pick
Jeffrey Miron What level of government—state or federal—should set economic and social policy? The modern presumption is that “good” policies should be implemented federally....
Editor's Pick
Adam N. Michel The Low-Income Housing Tax Credit (LIHTC) awards roughly $14 billion in tax credits annually to private apartment building developers in exchange...
Editor's Pick
After a very strong move in the week before this one, the markets chose to take a breather. They moved in a wide range...