People really do not need health insurance for regular small expenses, as they do not need car insurance to "pay for" oil changes. And any insurance system relies on an underlying cash market to find what the right prices are. Collision insurance works reasonably well because there is a supply and demand market for auto repair in which people pay their own money and there are competitive suppliers and free entry, offering services along a wide quality-price spectrum.
Like an individual mixed up about his convictions, a nation perplexed about its principles is prone to self-inflicted wounds. Both are likely to wander aimlessly and choose friends poorly while falling for the blandishments of adversaries. They are prone to misjudge their interests and misconstrue justice. A nation perplexed about its principles exacerbates citizens’ muddle about their convictions.
Arbitration is a private mechanism for resolving disputes outside of the court system. In arbitration the contracting parties present their case to a private arbitrator who then issues a legally-binding resolution to the dispute. When consumers purchase a product or service, the purchase often contains a pre-dispute arbitration provision, which legally mandates that the consumer must resolve any related dispute using arbitration.
This essay closely examines the effect on free-expression rights when platforms such as Facebook or YouTube silence their users’ speech. The first part describes the often messy blend of government and private power behind many content removals, and discusses how the combination undermines users’ rights to challenge state action. The second part explores the legal minefield for users—or potentially, legislators—claiming a right to speak on major platforms. The essay contends that questions of state and private power are deeply intertwined. To understand and protect internet users’ rights, we must understand and engage with both.
Part 2 set forth the racial/ethnic categories used by the Census Bureau and universities in the Common Data Set. These categories are the basis for quantifying the degree of Diversity in universities, and every other social, economic, and political organization. Including non-Whites, or People of Color, in White groups and women in male groups becomes the measure for quantifying Inclusion.
In a blog post titled “Who is the prototypical rich person?” Greg Mankiw responds to a pretty bad New York Times op/ed by Emmanual Saez and Gabriel Zucman. I was waiting for someone to spot a pretty big error in Greg’s piece, but no one has. So I’ll point it out.
“Facts are stubborn things.” That’s what American founding father John Adams famously said. But in modern America, facts are not so stubborn, and you don’t get famous by clinging to them. You get famous by being stubborn with your emotions. In modern America, more stubborn than facts, truth and logic are emotions, feelings and “personal truth.”
Federal Reserve Chairman Jerome Powell has a problem: how to explain that the Fed may soon begin to taper its ongoing asset-shedding operation without looking like he’s hunkering down for a coming recession, or caving to U.S. President Donald Trump.
Jack Goldsmith didn’t plan on building a behemoth. When the Harvard Law professor teamed up with University of Texas at Austin law professor Robert Chesney ’97 and Brookings Institution writer Benjamin Wittes to start the Lawfare blog in 2010, it was launched, he says, with “very modest ambitions and no planning.”
A wave of new cyberattacks and an increase in information warfare tactics are helping to create an existential threat to humanity, according to the Bulletin of the Atomic Scientists, who said in their annual report that its Doomsday Clock “is two minutes to midnight.”
The propulsion of senator and lawyer Kamala Harris to front-runner status among the Democrats hoping to take on President Donald Trump in 2020 has underlined the resurgent political power of her home state.