Give government too much discretion in eminent-domain cases, and you’ll get not justice or efficiency but favoritism and intrigue. By Richard A. Epstein.
The mortgage crisis is a burst bubble, a failure of intelligence, and a rich psychological case study. What to do about it? Perhaps nothing. By Richard A. Posner.
Is it so outlandish to suggest that we sell the right to live in the United States? Outlandish or not, such a policy would benefit legal and illegal immigrants alike. By Gary S. Becker.
Letting the Bush tax cuts expire would wreak havoc on our economy—while doing virtually nothing to shrink the deficit. By John F. Cogan and R. Glenn Hubbard.
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.