Last week, the Senate held hearings to examine why energy prices have risen so sharply...

President Obama says that his health plan's popularity will grow once its provisions start being implemented. But peculiar rules tucked into the legislation are likely to make the entire scheme even more disliked as its implementation approaches.

Whatever the motivation for a windfall profits tax, the historical and economic recordreminds us that such taxes will cause long-term harm that overwhelms short-term good.

In the latest Senate energy bill, the proposed 25 percent windfall-profits tax on oil companies shows a lack of understanding of basic economics.

Politicians have frequently directed harsh rhetoric toward particular corporate taxpayers that earn high profits. At times, this rhetoric has been accompanied by policy proposals that single out a narrow set of profitable taxpayers for disparate treatment. Perhaps the most notable example is the war against Big Oil.

It isalmost sadistic to threaten thepeople in the hurricane areaswith the re-imposition of a tax that did so much harm to their economy in the 1980s.

Congress can either create a recipe for energy disaster with a windfall profits tax and price controls, or it can take steps to encourage more supply.

Sorry, Judd Gregg. You can do all the legislating you want, but you can't repeal the law of supply and demand.