The Journal of the American Enterprise Institute
Articles by Alex J. Pollock
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It Wasn’t a Bubble—It Was a Double Bubble
Saturday, September 12, 2009
- Many are accustomed to thinking in terms of a 'housing bubble.' But this is only part of the story. In fact, the first decade of the 21st century brought us a ...
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Ten Ways to Do Better in the Next Financial Cycle
Tuesday, July 28, 2009
- We can do better next time provided we take these steps.
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The Greenspan Gamble
Wednesday, June 3, 2009
- In the wake of the burst tech stock bubble and the shock of the terrorist attacks, the Greenspan Gamble was to purposefully ignite a housing boom. Ex ante, it ...
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Why Not Negative Interest Rates?
Thursday, May 21, 2009
- Could we have negative nominal interest rates to combat a potential deflation? The question is debated from time to time, especially recently. It may seem ...
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Is a ‘Systemic Risk Regulator’ Possible?
Tuesday, May 12, 2009
- Political reaction to financial crises is usually accompanied by what proves to be greatly overstated expectations about its future effectiveness.
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Did They Really Believe House Prices Could Not Go Down?
Thursday, April 9, 2009
- A wise saying is, ‘Many things previously considered impossible nevertheless came to pass.’
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Out With the Old Banks, In With the New
Friday, February 20, 2009
- Creating new banks deserves to be a priority, but regulations make it difficult.
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Bank to the Future
Monday, February 2, 2009
- With talk of a ‘Bad Bank’ we are back where we were with the original TARP. Here’s how to get it right this time.
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A Theory of Two Big Balance Sheets
Friday, January 16, 2009
- Alex Pollock explains the recent period of bubbles, busts, and bailouts—with lessons for improving the financial system.
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Your Guide to the Housing Crisis
Monday, May 5, 2008
- With the financial world in turmoil, here’s a handy guide to the bursting of the housing market bubble.
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What Happened to Liquidity?
Friday, September 21, 2007
- ALEX J. POLLOCK examines the subprime mortgage bust and explains why “liquidity” is often a misleading metaphor.
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Subprime Bust Expands
Monday, August 6, 2007
- To the students of history, the vicious cycle around the bust is all too familiar.
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Send Sarbanes-Oxley to the Court of Investors
Friday, May 4, 2007
- A new study sees only one side of the cost/benefit picture.
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To Make Mortgages Fair, Keep Disclosures To a Page
Wednesday, May 2, 2007
- A simple summary is the best way to make sure borrowers understand their loans.
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Subprime Time
Thursday, March 8, 2007
- Recent trouble in the riskiest part of the mortgage market fits a surprisingly consistent historical pattern.
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The SEC Takes a First Step Toward Reform
Friday, December 15, 2006
- The Sarbanes-Oxley Act, particularly the notoriously inefficient implementation of its Section 404, has become a synonym for wasteful expense, bureaucracy and ...