Richard Epstein: Harry Reid Turns Insurance Into a Public Utility. “The argument seems to be that price controls alone can force out the waste and inefficiency that are posited to be the hallmark of private markets. By this twisted logic, rent control is the perfect path to efficient competitive markets.”
Creating Incentives for Learning. “Mr. Toby’s main proposal, then, is to require good grades and test scores from those seeking federal student loans. This requirement, he believes, would improve incentives for academic performance and mitigate the inevitable trade-off between widening access to college and maintaining educational standards.”
Exactly Why the Founders Divided the Legislative Branch. E.J. Dionne argues against checks and balances: “In a normal democracy, such majorities would work their will, a law would pass, and champagne corks would pop. But everyone must get it through their heads that thanks to the bizarre habits of the Senate, we are no longer a normal democracy.”
Debunking Conspiracy Theories. “Today no conspiracist publication or Web site wants for the outward flourishes of scholarship. The footnotes are compendious, the sources are seemingly authoritative. It is only when you get in amongst them that you discover what the footnotes actually refer to.”