Can the 'invisible hand' handle money? George Selgin challenges the view that government regulation creates monetary order and stability, and instead shows it t

The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financi

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries hi

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the internation

Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation c