A politically realistic public option would have significant impacts on America’s future fiscal condition. These impacts would be exacerbated by the kinds of economic shocks, such as recessions, that our country has seen on a fairly regular basis.

As Thomas Sowell has said, 'There are no solutions, there are only tradeoffs.'

Are America’s and the world’s great cities forever changed by COVID-19’s side effects of distanced economies, population exoduses, and accelerated urban decay? Edward Glaeser, a Harvard University urban economist, joins Hoover senior fellows Niall Ferguson, H. R. McMaster, and John Cochrane to discuss whether recent metropolitan decline is unique to the current health crisis or indicative of more permanent demographic shifts.

David Battan writing in the WSJ brings come clarity to Robin Hood's trading stop. It raises some questions for me, however. Much of the problem seems to stem from two-day clearing and settlement, and brokers lending people money to trade. Instant settlement and at least separating the lending activity from the trading activity ought to help. The institutions are really stuck with relics of a pre-computer world, it seems.