Topic: Moral Foundation of Economic Behavior
President Obama wants Congress to again extend unemployment benefits. That's a hard request to resist, politically. But the economic impact of extending jobless benefits is that wages will not fall quickly enough to create more jobs.
As Americans debate proposals to reform Medicare, they should know that all of them involve trade-offs. Where the current system and the Paul Ryan plan fall short, a true voucher system provides choice, coverage, and cost-efficiency.