The current trade war is based on a number of fundamental misunderstandings about the positive-sum nature of international trade and the costs of protectionism. In one relatively minor but characteristically [...]
The Copyright Alternatives in Small-Claims Enforcement Act (CASE Act) has cleared both the House and Senate Judiciary Committees, and it now heads to the floor of both chambers for a [...]
News and Commentary The Cato Institute's Diego Zuluaga wrote a post about a rule-making letter to the Consumer Financial Protection Bureau. A rule exempting GSE-backed mortgages from debt-to-income ratio rules [...]
We examine the cleansing effect of financial crises via their contribution to the exit of inefficient US commercial banks from 1984 to 2013. We find a larger increase in the [...]
Recent evidence suggests an increasing risk of natural disasters of the magnitude of hurricane Katrina and Sandy. Concurrently, the number and volume of flood insurance policies has been declining since [...]
We study the market for ratings agencies in the commercial mortgage backed securities sector leading up to and including the financial crisis of 2007–2008. Using a structural model adapted from [...]
As regions across the United States are experiencing high and rising house prices, inclusionary zoning is increasing in popularity as a tool to increase the availability of affordable housing for [...]
After excessive leverage, the largest problem with Wall Street and the financial sector as it exists today is that we rely on it as an essential feature of many policies [...]
The $2.8 million in damages that Katy Perry and those involved in the production of the song “Dark Horse” must pay to the Christian rapper Marcus Gray (AKA Flame) for [...]
If you listen to the representatives of patent-intensive industries, particularly in the field of prescription drugs, you will be led to believe that these firms provide life-saving innovations (true) that [...]