About 70 percent of mutual fund assets are in managed funds. These funds seek to earn an above average return for investors but, because of the up-front loads, fees and other costs, they generally earn less than the low cost index funds that only seek to get a return equal to that of the stock...

This article argues that key aspects of drug policy, such as decisions about which substances to forbid and choices between incarceration and treatment of drug offenders, should devolve to state and local governments. It is contended that current policy is largely ineffective and may actually...

Saving Social Security usually means maintaining current benefits that will be cut by about 20 percent in 2035 if taxes dedicated to the program are not increased. Almost one-third of households 65 and older get more than 75 percent of their income from Social Security. This essay argues that...

Centuries of enslavement and discrimination make it easy to make a case that Blacks deserve reparations. This essay explores whether compensating Blacks for the racism they experienced is politically possible or good public policy. Survey data indicate that building political support for...