Alex Epstein

What must be done to recover from this financial crisis? Barack Obama rightly stresses that we first must understand how today's problems emerged. It is "only by understanding how we arrived at this moment that we'll be able to lift ourselves out of this predicament."...

Every few days we hear that another leading financial institution has written down billions more on subprime investments gone bad. Nearly every major financial institution, it turns out, had a hand in loans to low-credit borrowers--borrowers whose ability to pay often...

Throughout the housing crisis, we have heard demands from spokesmen for desperate homeowners, banks, and investors for every variety of government bailout. But there is one group from whom the nation has not heard: the millions of Americans who, like me, had nothing...

Every few days we hear that another leading financial institution has written down billions more on subprime investments gone bad. Nearly every major financial institution, it turns out, had a hand in loans to low-credit borrowers--borrowers whose ability to pay often...

Since the subprime meltdown began, the Bush administration has pledged to act to prevent foreclosures--but without interfering in the market or bailing anyone out. How is this possible? The administration's answer: by "facilitating" what it calls "private" initiatives...

As we witness large numbers of defaults on subprime loans--loans extended to those with no credit or bad credit--many are calling for the government to do something to stop the suffering. At the same time, many recognize that a bailout of struggling homeowners would...

In January the FCC will auction off the prized 700 MHz spectrum of wireless bandwidth. But instead of offering the spectrum to the highest bidder to employ it however he judges best (for example, a mobile video-on-demand service), the FCC will force the winner to...

If you ask any hundred successful businessmen chosen at random to name the book that has most inspired them, you will undoubtedly hear one title repeated over and over: Atlas Shrugged--Ayn Rand's epic novel, which celebrates its 50th anniversary this month. Why do...

In the aftermath of General David Petraeus's controversial report to Congress on the progress of the troop surge in Iraq, debate over what to do with our troops in Iraq is as strong as ever. And, as always, both liberals and conservatives claim that they, and only...

The lead article in a recent issue of Time magazine makes the case for "universal national service"--which the article describes as "the simple but compelling idea that devoting a year or more to national service, whether military or civilian, should become a...

Democrat and Republican candidates for President are debating one another on nearly every issue--but nearly all are united on one thing: America faces a crisis of "income inequality." The rich are getting richer, the refrain goes, while the poor and middle class are...

With gasoline prices at their highest point in recent years, the knee-jerk response of many is to call for the government to "do something" to force prices lower. But no matter what the price of gasoline is, such calls are wrong. All market fluctuations in the price...

Applauding the Supreme Court's decision to uphold a ban on so-called partial birth abortions, President Bush called it a victory for "building a culture of life in America." The idea of a "culture of life" has been a rallying cry for religious conservatives in their...

Supporters and opponents of President Bush's Iraq War are clashing in a furious debate over who truly supports our troops. The President's critics say they are supporting our troops by setting a timetable to bring them home from an "unnecessary" war. Supporters of the...

Imagine opening tomorrow's newspaper and reading this: "Citing all-too-frequent child abuse and neglect, Congress has proposed the Parenting Reform Act. Under the proposed law, all parents must swear that they have not 'caused unreasonable physical harm or danger' to...