Should Government Bail Out Big Banks?

In 2008, America experienced the biggest meltdown of its financial sector since the Great Depression. The conventional wisdom is that this failure and subsequent government rescue, commonly known as “the bailout” was brought about by three decades of bank de-regulation. There were a lot of causes for the meltdown, but deregulation wasn’t one of them. […]

Do the Rich Pay Their Fair Share?

Here’s a question you’re likely to hear whenever the subject of taxes comes up: Do the rich pay their fair share? There are two parts to this question: Who is rich? And, what is fair? Let’s start with who is rich: Nearly everyone assumes that a person who is among the top ten percent of […]