In his new book, Peter Wallison argues the Dodd-Frank Act was the result of a false narrative about the 2008 financial crisis, blaming the crisis on the private sectors when in fact it was caused by the US government’s housing policies. This was not harmless error; the act will suppress...

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.

Today's knowledge-based economy requires an entirely new system of assessing the value of companies--a system tapping the vast communication capabilities of the Internet.

This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

In response to heightened competition, the larger insurance companies and various insurance industry groups have become interested in the concept of federal chartering and regulation.

The central causes of the Savings and Loans debacle, according to this study, lay in the decision to substitute government regulation for the disciplines of the market.

It is clear that there is no legitimate basis for the proposed expensing of employee stock options.

In a financial intermediary, risk managers can expend effort to reduce loan probability of default and loss given default, but effort is unobservable. Incentive compensation (IC) can induce manager effort. When deposit insurance is subsidized, the demand for risk management declines. Regulatory...

This working paper provides a critical analysis of national policymaking by state attorneys general.

The establishment of new accounting rules for expensing options would likely do more harm than good.