Is Health Insurance Too Cheap?

Quick: What do you get when you mix a Nobel Prize winner with a MacArthur genius? You get this: “The claims of some heavy drinkers and smokers that they want to but cannot end their addictions seem to us no different from the claims of single persons that they want to but are unable to…

Last summer, New York City made a great stride toward promoting public health, by requiring chain restaurants to prominently publish calorie counts alongside their menus. This type of regulation holds the promise of improving people’s eating habits, without restricting their freedom to order whatever they want. Theoretically, this new regulation should help consumers make better…