Category Archives: Financial Services

The Clinton-Era Roots of the Financial Crisis

Posted in: Financial Services, Housing Policy, Monetary Policy | August 13, 2013 at 8:52 am , by Managed WordPress Migration User

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Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages. By Phil Gramm and Mike Solon* Simply put, the financial crisis of 2008 was caused by a lot of banks making a lot of loans to a lot of people who either could not or...

Gramm and McMillin: The Debt Problem Hasn’t Vanished

Posted in: Financial Services, Fiscal Policy, Monetary Policy, Regulatory Policy, Tax Policy | May 22, 2013 at 10:57 am , by Managed WordPress Migration User

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While deficit projections have recently moderated, the cost of servicing the national debt will explode once interest rates begin to rise. A version of this article appeared May 22, 2013, on page A15 in the U.S. edition of The Wall Street Journal, with the headline: The Debt Problem Hasn’t Vanished....