Minimum wage laws do harm in the short run and in the long run. People acquire lots of valuable human capital in their first jobs. The longer those first jobs are pushed out of reach, the longer it takes low-skill workers to develop crucial capacities that can put them on a promising career path.

By delaying retail foreign direct investment, the Indian government has protected the intermediary status quo, and ignored the plight of 500 million desperately poor Indians living on farms who have publicly voiced their support of allowing retail giants to enter the Indian market.

The Obama administration is suing to block the merger of AT&T and T-Mobile USA. Lawyers at the Department of Justice argue that the marriage of the second and fourth largest wireless carriers will reduce competition. It is clear from the complaint filed by the government that the lawyers at DOJ do not fully understand the present state of wireless competition.

Failing drugs are priced 13-18 percent lower than non-failing drugs, but the signaling effect of price is far from complete.

When the Obama administration addresses immigration reform--as it has promised to do before 2012--should it pick up where previous reform proposals left off?

Bankers have created an amazing bubble, an international panic and a massively costly bust.

Thus far, the debate about an optional federal charter for insurance companies has focused primarily on whether and how federal regulation of U.S. insurers will improve services for insurance consumers in the United States. But insurance, like banking and securities, is increasingly becoming a globalized market. U.S. insurers are increasingly...

While counterfeits must be combated, drugs that are legally but poorly produced, substandard medicines-the subject of today's briefing-tend to get a free pass, even when they kill.