This post by Rick Hess is a response to Fawn Johnson's post on the National Journal blog, "Education Experts."

The normal way that free societies encourage "responsible" behavior when it comes to the cost of services is to allow sellers to set a price and buyers to decide whether they're willing to pay it.

At the NATO summit in Chicago, the much hoped-for deal between the United States and Pakistan to reopen NATO supply routes through Pakistan did not materialize. The experience of the closure and the negotiations has laid bare the changed relationship between the U.S. and Pakistan.

Market-based measures of public pensions funding may better informstate governments and taxpayers of the liabilities and risks they face.

In 2011, the Government Mortgage Complex accounted for 88 percent of all first-mortgage originations in the United States, with the government also controlling an estimated 90 percent of the student loan market. The government’s growing dominance in the home mortgage and student loan categories is cause for concern, posing a threat to private investors, borrowers, and taxpayers.

What comes next for private health insurance? Beginning later this year, ObamaCare will create extraordinary new pressures on the insurance industry.

Instead of trying to figure out how to make prices in healthcare markets transparent, as a Democratic bill aims to do, let the market decide.

This AEI working paper presents an alternate approach to market valuation of public pension liabilities based upon options pricing methods.

Medicare should use competitive pricing to set the government contribution to the traditional fee-for-service Medicare plan and private Medicare Advantage plans.