Moving toward Government Control
Letter to the Editor

Your editorial "Big Pharma Loves Harry Reid" (May 1) misses the real significance of the TV ad you describe. The most disturbing element of both Obama Care and the financial regulatory legislation now before the Senate is that they set up, in different ways, a partnership between the government and the largest companies in a particular industry.

In ObamaCare, the private insurers and pharmaceutical manufacturers have become, through regulation, both a tool of the government and perennial seekers of both more government support and more government leniency--hence the Nevada ad; while in the financial legislation the largest nonbank financial institutions will be both protected by the government and controlled through Federal Reserve regulation and the threat of a break-up.

It's vital to recognize the pattern: The Obama administration is gradually changing the nature of our economy and society by putting government at the center.

Peter J. Wallison is the Arthur F. Burns Fellow in Financial Policy Studies.

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Peter J.
Wallison

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Monday, October 27, 2014 | 10:00 a.m. – 11:30 a.m.
State income taxes and the Supreme Court: Maryland Comptroller v. Wynne

Please join AEI for a panel discussion exploring these and other questions about this crucial case.

Tuesday, October 28, 2014 | 9:30 a.m. – 12:15 p.m.
For richer, for poorer: How family structures economic success in America

Join Lerman, Wilcox, and a group of distinguished scholars and commentators for the release of Lerman and Wilcox’s report, which examines the relationships among and policy implications of marriage, family structure, and economic success in America.

Tuesday, October 28, 2014 | 5:30 p.m. – 7:00 p.m.
The 7 deadly virtues: 18 conservative writers on why the virtuous life is funny as hell

Please join AEI for a book forum moderated by Last and featuring five of these leading conservative voices. By the time the forum is over, attendees may be on their way to discovering an entirely different — and better — moral universe.

Thursday, October 30, 2014 | 2:00 p.m. – 3:00 p.m.
A nuclear deal with Iran? Weighing the possibilities

Join us, as experts discuss their predictions for whether the United States will strike a nuclear deal with Iran ahead of the November 24 deadline, and the repercussions of the possible outcomes.

Thursday, October 30, 2014 | 5:00 p.m. – 6:15 p.m.
The forgotten depression — 1921: The crash that cured itself

Please join Author James Grant and AEI senior economists for a discussion about Grant's book, "The Forgotten Depression: 1921: The Crash That Cured Itself" (Simon & Schuster, 2014).

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