Indeed, price controls are one of the most pernicious kinds of government regulation. In an ironic twist, they often lead to higher consumer prices over time because they build inefficiencies into economic transactions and decision-making that end up costing consumers more money in the long run.

Medicare is a social insurance program that has the unfortunate characteristics to be expected from any centrally controlled provision of services. We do indeed have a system-wide problem, but if we expect to solve it we have to start with Medicare.

Research suggests that institutions limit the extent to which efficient policies to reduce greenhouse gas emissions are likely to be adopted.

Conventional wisdom that U.S. pharmaceutical companies made out well under the Obama health plan by bargaining with the White House is wrong.

It's comfortable living in a cocoon -- associating only with those who share your views, reading journalism and watching news that only reinforce them, avoiding those on the other side of the cultural divide.

Liberals have been doing this for a long time. In 1972 the movie critic Pauline Kael said...

The $2 billion loss by JPMorgan Chase has reawakened debate about whether banks are taking excessive risks, but many facts have gotten lost in the breathless media coverage.

Does Congress need IPAB?