In the 1990s, the Federal Energy Regulatory Commission (FERC) stopped treatingpower generation as a regulated monopoly and supported the development of competitiveelectricity markets. Competition has encouraged innovation and reduced costs, but thepayment system FERC and grid operators developed...

During the height of the financial crisis in 2008 and 2009, the government bailed out numerous corporations, including banks, investment banks, and automobile manufacturers. While the bailouts helped end the financial crisis, they were intensely controversial at the time, and were marred by the...