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Facts and Fantasies about Transition Costs
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Press Release

Facts and Fantasies about Transition Costs

One of the more common concerns about transforming Social Security’s pay-as-you-go financing into a market-based structure is the transition cost. Critics claim that people would be unduly burdened because they would have to pay twice—once for their own retirement and once for those already retired. This double expense would be so prohibitive, it is argued, as to warrant rejecting privatization even if it were meritorious on other grounds.

10/13/1998
Capitol Comment 206 - Rethinking Compulsory Auto Insurance Liability Laws
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Capitol Comment

Capitol Comment 206 - Rethinking Compulsory Auto Insurance Liability Laws

How should a civilized society respond when A crashes his car into a car driven by B, causing injury to B and damaging his property? The common law of tort is predicated on the notion that people who are harmed by the actions of others are owed restitution by those responsible for their losses. But what if the responsible party lacks the financial wherewithal to provide full compensation? Unless he has purchased liability insurance, the accident victim will have to absorb the losses himself. The law can assign responsibility, but it cannot redistribute wealth that does not exist.

10/12/1998
Capitol Comment 205 - Tying Regulation to Reality
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Capitol Comment

Capitol Comment 205 - Tying Regulation to Reality

I make mistakes. For example, last weekend the one tie that I brought to an out-of-town wedding did not match my suit. I took responsibility for poor wardrobe selection and wore the tie anyway. However, there were other choices. It would have been possible to purchase a new tie, borrow a tie, or go to the wedding with no tie at all. In the end, I chose to wear the tie and accept the ridicule associated with that decision.

10/02/1998
Capitol Comment 204 - Are Mergers Really Harmful to Consumers?
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Capitol Comment

Capitol Comment 204 - Are Mergers Really Harmful to Consumers?

Imagine the following headline: "Policymakers Panic in Fear of Merger Mania!" Although it could be true, in reality, there is little to fear. With the economy growing rapidly for the past eight years, we have witnessed a record increase in the number of corporations merging with one another. Common reaction to mergers is a suspicion that corporate America is gobbling up its competitors, which will mean higher prices for consumers.

09/29/1998
Capitol Comment 202 - A Health Care Checklist for Congress and President Clinton: Time to Clean Up Your Mistakes
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Capitol Comment

Capitol Comment 202 - A Health Care Checklist for Congress and President Clinton: Time to Clean Up Your Mistakes

Members of Congress have only a few weeks before they go home and learn whether voters want them to return to Washington or stay put. Though they have much to do between now and Election Day, Congress and the president need to correct three dangerous errors they made that are threatening America’s health care. Mistake #1: Crippling Patient Access to Medical Savings Accounts.

09/24/1998
Issue Analysis 78 - Big Government Warning: Your Health Care Is at Risk.
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Press Release

Issue Analysis 78 - Big Government Warning: Your Health Care Is at Risk.

Big Government Warning: Your Health Care is at Risk. Many Proposed "Reforms" Before Congress Are Actually Hazardous to Your Health. A flurry of health care legislation swirls about Washington, D.C., and politicians have vowed to make health care reform a major issue in the November elections. In the commotion, Congress may legislate away your health insurance.

09/17/1998
Capitol Comment 201 - In Defense of Auto Choice Insurance Reform
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Capitol Comment

Capitol Comment 201 - In Defense of Auto Choice Insurance Reform

In the current debate over auto choice insurance reform, a formidable critic of the proposal now before Congress has emerged in George Priest of the Yale Law School. Professor Priest, who carries impressive credentials as a market-oriented legal scholar, recently called the federal auto choice bill a "lemon" in a widely noticed Wall Street Journal op-ed. On September 1 he reiterated his critique in a speech delivered at The Heritage Foundation that was televised nationwide on C-SPAN.

09/09/1998
Survey of State Climate Experts Casts Doubt on Link Between Human Activity and Global Warming
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Press Release

Survey of State Climate Experts Casts Doubt on Link Between Human Activity and Global Warming

Survey of State Climate Experts Casts Doubt on Link Between Human Activity and Global Warming

09/06/1998
A Healthy High-Tech Industry Benefits American Workers
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Press Release

A Healthy High-Tech Industry Benefits American Workers

As published in the Washington Times, 08/25/1998 Our friend Pat Buchanan’s column ridiculing the high-tech industry for attempting to sustain the growth that has powered this economy is seriously short-sighted ("Sellout of high-tech jobs," August 19, 1998).

08/25/1998
Third FDA Report Card Shows Longer Delays for New Drugs in Fiscal Year 1997
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Press Release

Third FDA Report Card Shows Longer Delays for New Drugs in Fiscal Year 1997

EXECUTIVE SUMMARY Click here for the Full Report (Word Document format) Using data from the federal Food and Drug Administration (FDA), this study examines the agency’s main areas of responsibility for approving new health products for the third consecutive year. Among this study’s findings are:

08/06/1998

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