A debate in the media is currently swirling around the objection of Catholic and other religious institutions to a new requirement to pay for insurance plans that cover contraception for their employees. However, this narrow focus has obscured the larger problem of government insurance mandates in general. One of the primary justifications for the...
Read More »

Following up Bob’s excellent post: The Fed’s below-market interest-rate policy is also non-neutral in another important way, namely distorting people’s housing choices toward ownership (typically, a 30-year debt obligation) over renting. Aside from its efficiency effects, this of course has huge distributional consequences. I wrote about this in 2009 in the context of the...
Read More »