No Regulation without Risk
Letter to the Editor

"How are you going to regulate systemic risk when you are the systemic risk?" This excellent question of Senator Jim Bunning to Federal Reserve Chairman Ben Bernanke hasn’t been answered by the Fed or anybody else. Nonetheless, the Fed, which had a big part in inflating the bubble, is now nominated by some elected representatives of the people to be a philosopher-king of systemic risk. Let us hope this notion will fail to get enacted.

Thomas G. Donlan, in the Oct. 26 Editorial Commentary, suggests that such ideas are a matter of "false faith." He's right. After having observed financial regulation fail time after time, its adherents still display this touching (or pathetic) faith that somehow it will work next time, if we just make it even more pervasive and more intrusive.

Alex J. Pollock is a resident fellow at AEI.

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Tuesday, September 16, 2014 | 5:00 p.m. – 6:00 p.m.
The Constitution as political theory

Please join us for the third-annual Walter Berns Constitution Day Lecture as James Ceasar, Harry F. Byrd Professor of Politics at the University of Virginia, explores some of the Constitution’s most significant contributions to political theory, focusing on themes that have been largely unexamined in current scholarship.

Wednesday, September 17, 2014 | 8:10 a.m. – Thursday, September 18, 2014 | 1:30 p.m.
Third international conference on housing risk: New risk measures and their applications

We invite you to join us for this year’s international conference on housing risk — cosponsored by the Collateral Risk Network and AEI International Center on Housing Risk — which will focus on new mortgage and collateral risk measures and their applications.

Event Registration is Closed
Thursday, September 18, 2014 | 2:15 p.m. – 3:00 p.m.
Speaker of the House John Boehner on resetting America’s economic foundation

Please join us as Speaker John Boehner (R-OH) delivers his five-point policy vision to reset America’s economy.

Event Registration is Closed
Friday, September 19, 2014 | 9:15 a.m. – 11:00 a.m.
Reforming Medicare: What does the public think?

Please join us as a panel of distinguished experts explore the implications of the report and the consumer role in shaping the future of Medicare.

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No events scheduled this day.
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No events scheduled this day.