"This paper considers the purposes that regulation and supervision of financial institutions are designed to serve. Historical experience with regulation and supervision is considered, and it is argued on the basis of that examination that a fairly 'light touch' in regulation is likely to...

"The issue opened up by the 'Ryanair Case' is a wide and important one. Interest groups often press for special treatment at the expense of others. People often agree to give it, because they think the group is deserving and because they have not thought through how the service is to be paid...

Debt and deficits are considered by some to be a major economic problem, indeed one that threatens the stability of the US economy with serious, possibly catastrophic, consequences for the world economy. What is it that leads some countries into large and continuing budget or trade deficits?...