Many public workers are overpaid relative to their private sector counterparts, especially in large, unionized states such as Wisconsin, Ohio and California. This may sound like a controversial claim, but it shouldn't. A consensus is building about the need for reform.

Gagging Grenell was a bad play for the Romney team because it guaranteed the issue wouldn't go away. The only way to dispel concerns about the man's fitness for the job was to let him do his job. Muzzling him until he resigned was the worst possible way to handle it because all it did was feed crocodiles like Fischer.

The auto companies' defined-benefit pension plans are fundamentally unsound and may be bigger than the auto companies can pay, but are managed by government and involuntarily guaranteed by taxpayers.

America spends more than any other developed nation on health care--$2.1 trillion in 2007 alone--yet 46 million Americans are still uninsured, and those who are insured often receive costly but inappropriate care. While there is little doubt that the health system needs reform, there is substantial disagreement about the role...

Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

This article is the first to show that foreign investors care about economic freedoms, rather than political freedoms, in making decisions about where to locate capital. Hence more democratic countries may receive less Foreign Direct Investment (FDI) flows if economic freedoms are not guaranteed.

For all the talk about the Affordable Care Act's mandate to purchase insurance, you might think that the mandate is the linchpin of the entire law. It isn't, at least from the standpoint of whether the insurance market will collapse without it.