Preventing Financial Bailouts Is Hard

It should have been obvious ex ante that failing institutions and their investors would manipulate the system to avoid the impact of the (well‐​intentioned) regulation that tried to outlaw bailouts.

January 2, 2020

How Our Economic Warfare Brings the World to Heel

Even allies and friends, most notably Europe, Japan, South Korea, and India, are threatened with economic warfare unless they accept Washington’s self‐​serving priorities and mind‐​numbing fantasies.

The American Conservative