Insurance, when prices are based on risk, sends clear signals about the relative safety of behaviors and can alter consumer choice for a safer and more stable society. But when certain parties seek protectionist policies to socialize risk, responsible people end up paying for the risky choices of others.

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The Tip of the Iceberg

I have a piece in today’s National Review Online about the new bill that would provide optional federal chartering (OFC) for insurance companies. OFC,…

Insurance

Op-Eds

Schumer’s Way

Senator Schumer is on a roll. After coasting to an easy and well funded re-election in 2004, the senior senator from New York is…

Antitrust

Op-Eds

Speaking in Tongues

In Monty Python’s classic "Hungarian Phrasebook" sketch, a Hungarian tourist walks into a British tobacconist’s shop, and, consulting a faulty phrasebook, tells…

Antitrust

Op-Eds

Open Federalism

The businessman puts the cash in an envelope. He leaves it on the agreed upon restaurant table. Another man, a government bureaucrat, walks over…

Antitrust