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Sovereign wealth funds: Should governments invest in private businesses?
President Trump recently signed an executive order to study creating a sovereign wealth fund for the US government. If the proposal comes to pass,…

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Department of Education bails out of student loan bailout
For the second time in the past month, the Biden administration withdrew a proposed rule that CEI had opposed. The Department of Education has…

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Proposed student loan bailout rule makes no sense
As the Federal Register approached its previous record of 95,894 pages in a year (set in 2016), the Biden administration devoted a few more…
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Quotes of the Day
Arnold Kling: Instead of thinking of the pending bailouts and financial regulation as a new era of government supervisions of markets, think of it…
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Deregulation Wasn’t to Blame for Financial Crisis
Even the reliably-liberal BBC says that deregulation wasn’t the cause of the financial crisis. Other liberal journalists like Washington Post columnist Sebastian Mallaby have…
Op-Eds
Accounting rules exacerbate crisis
In the year since the credit crunch began, reading the financial pages has become a bit like perusing a medical journal. Market…
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The Bailout will cost 20% of the entire current budget
My Calculations: The 2007 federal outlays from fiscal year 2007 were 2.73 trillion. The 700 billion is to be allocated before Dec 31, 2009…
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Lehman Bros hearing — Rep. Maloney blames deregulation, ignores her own role as Fannie’s enabler
At the hearing being held today by the House Oversight and Government Reform Committee, in which former Lehman Brothers CEO Dick Fuld is now…
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All of the bailouts are expected to $1.8 trillion and we get “green credits” and IRS fun!
Thanks to Declan McCullagh for his article that highlights the non-financial portions of the bailout. Particularly useful is his chart (with information from Reuters)…