Terry Anderson, D. Bruce Johnsen
Facing the "fiscal cliff," perhaps the president and Congress should start thinking in terms of the "foreclosure crisis." All lenders, whether a local home-loan bank or the Chinese government, expect to be repaid either from the borrower's income or, if that is insufficient, from the sale of assets...
PERC's Roger Meiners writes that calls for massive changes in all aspects of modern life from transportation to food production in order to reduce carbon emissions are unrealistic. Repeated failures of such utopian experiments suggests extreme caution.