Daily Policy Digest
|The Financial Crisis: Causes, Recollections and the Aftermath
The Financial Crisis of 2007-2009, and the aftermath, is the defining moment of my career in banking. Having served in government for 17 years, 10 of those in the bank regulatory arena, I managed to be present at some interesting places leading up to the events of 2007-2009, and served on the front lines of the recovery effort thereafter. Those experiences gave me insight into how federal policy affects financial markets, the private sector's recovery capabilities and the consequences of government responses, writes C.K. Lee, a former official with the Office of Thrift Supervision...
|The Positive Side of Negative Interest Rates
John Maynard Keynes said, "When my information changes I alter my conclusions. What do you do, sir?" For Keynesians and non-Keynesians alike, it is excellent advice -- essential, in fact -- and it applies in spades to the mounting confusion about negative interest rates. One major point on which Keynes eventually would have had to change his mind was his 1936 comment, long uncontroversial, that "the rate of interest is never negative." By February 2016, one-year government bond yields in 12 out of 15 developed countries were negative. Even five-year bond yields were negative in the majority of these countries, writes David Ranson, an NCPA senior fellow and president of HCWE & Co.
|Principles of Financial Opportunity Reforms
Representative Jeb Hensarling introduced a pro-growth, pro-consumer strategy to replace the erroneous Dodd-Frank Act. Principles of Financial Opportunity reforms aim to do away with Too Big to Fail, simplify the complex regulatory system and shrink government’s presence in the marketplace in order to increase transparency and competition and further financial independence for American citizens. Hensarling’s plan to repeal and replace Dodd-Frank will foster a system that favors free-market solutions over government regulation. Hensarling delivered these remarks at the National Center for Policy Analysis Financial Crisis Summit on May 12, 2016 on Capitol Hill in Washington D.C.
|Republicans to Unveil Alternative Legislation to Repeal and Replace Dodd-Frank Act
House Financial Services Committee Chairman Jeb Hensarling’s remarks unveiling alternative legislation to repeal and replace the Dodd-Frank Act made at the NCPA Financial Crisis Summit in D.C. on May 12th are the topic of this article at The Washington Free Beacon...
|Will the Consumer Financial Protection Bureau Crumble?
A couple of recent court cases are challenging the unaccountable authority of the Consumer Financial Protection Bureau, created under Dodd-Frank...
|Don't Expect to Hear from Fans of Yellen, SEC or Congress at NCPA Event
A growing number of economic thinkers and market watchers see another American financial meltdown building just beneath the bull-headed stock market and a too-loose Fed monetary policy...
|Causes of the 2008 Financial Crisis
Experts point to a variety of issues that likely caused the 2008 financial crisis, such as modern banking practices, unethical behavior or government policy...
|The Federal Reserve and Sound Money
A gold standard would take away the ability of the U.S. Federal Reserve to manipulate the market...
|Interview with Dr. Bill Conerly -- Part Two
In the second of our two-part video series, NCPA Senior Fellow Dr. Bill Conerly, says that Americans should avoid relying solely on housing as an investment...
|Interview with Dr. Bill Conerly - Part One
Are we in for another housing crisis?...