When the market stumbles, though — or when it's tripped up by unwise government interventions — a great clamor is heard. Unemployment rises, stock prices and exchange rates plummet, and tales abound of this hardship and that lost dream. Pundits proclaim loudly that the unreliable market must be “corrected” or “tamed” by the wisdom and prudence of politicians.But when the market works smoothly — as it typically does — hardly anyone notices. We take its successes for granted.
The more individualized attention a problem calls for, the less well-suited government is to...
President Obama presents American history as a “journey,” during which, at every...
Spiraling, indeed unsustainable, costs are not the only ominous reality facing the higher...
Done right, taxing services is no revenue grab, but a way to create fairer, more efficient, and...