Obesity remains a serious health problem and it is no secret that many people want to lose weight. Behavioral economists typically argue that “nudges” help individuals with various decisionmaking flaws to live longer, healthier, and better lives. In an article in the new issue of Regulation, Michael L. Marlow discusses how nudging by government differs from nudging by markets, and explains why market nudging is the more promising avenue for helping citizens to lose weight.
In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
The Supreme Court has upheld much of the Affordable Care Act, but the manner in which the majority made its ruling may make this a “constitutional moment” that ultimately changes how we think about the Constitution. Cato Institute senior fellow Randy E. Barnett comments on the ruling.
Video produced by Caleb O. Brown, Austin Bragg and Evan Banks.