Discrimination is what makes insurance work. An insurance regime where everyone pays the same amount is called "community rating." That sounds fair. No more cruel discrimination against the obese or people with cancer. But community rating is as destructive as ordering flood insurance companies to charge nothing extra to insure a very vulnerable beach house, writes John Stossel, or ordering car insurance companies to charge Lindsay Lohan no more than they charge you. Such one-size-fits-all rules take away insurance companies' best tool: risk-based pricing. Risk-based pricing encourages us to take better care of ourselves.
In his new memoir, the retired justice seeks to justify his awful eminent domain ruling.
"When loyalty to a political party or to an individual trumps loyalty to the Constitution, the Rule of Law—the foundation of liberty—crumbles."
If You Think Capitalism Is Dying Because Two Companies 'Control 90 Percent of the Beer Americans Drink,' Go Home, You're Drunk
Obituaries for the benefits of free markets are as numerous as they are wrongheaded.
The president goes personal in his reply to a libertarian Republican congressman accusing him of obstruction of justice.
State leaders cannot seem to let a bad project die.