In his annual report, J.P. Morgan Chase CEO Jamie Dimon gave a full-throated defense of the free-market capitalist system: There is no question that capitalism has been the most successful [...]
In this paper, I employ anonymous New York City yellow taxi records to infer variation in interactions between insiders of the Federal Reserve Bank of New York (New York Fed) [...]
While most of our discussion on financial regulation is centered on banks and bank holding companies (BHCs) it is the interconnectedness of the current financial system that is the main [...]
In an essay for the National Bureau of Economic Research, Heidi Williams discusses her previous research on how current IP policy fails to promote (or actively hinders) innovation. First, she [...]
A new study from the Joint Center for Housing Studies at Harvard University finds that the artificially constrained supply of housing in urban areas makes it more difficult for families [...]
Hedging, usually done through the use of derivative securities, is an important way for banks to manage risk in their investments. If, say, interest rates were to rise and the [...]
A pending bill in Pennsylvania, SB 25, would allow nurse practitioners to have independent scope of practice, that is, one free of physician supervision, after a three-year, 3,600 hour collaboration [...]
The problem with the financial system is not necessarily one of too much or too little regulation, but misregulation--our system is designed with implicit and explicit bailouts that enable leverage. [...]
Almost nothing in the world is in every way, shape, and form, bad. (Even The Phantom Menace gave us this glorious review from “Mr. Plinkett.”) A new NBER paper identifies [...]
A Florida bill to expand the scope-of-practice for non-MD practitioners is wildly unpopular among Floridians, according to a poll commissioned by the Florida Society of Anesthesiologists. The poll: showed 80 [...]