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Jeffrey A. Miron

Libertarian principles seem basic enough—keep government out of boardrooms, bedrooms, and wallets, and let markets work the way they should. But what reasoning justifies these stances, and how can...

Viral V. Acharya, Matthew Richardson , Stijn Van Nieuwerburgh, Lawrence J. White

The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American...