Eli Lehrer

Tonight my beloved neighborhood hardware store, Frager’s, erupted in flames and burned for more than six hours (and counting). The brave DC response teams will be on the scene until the smoke clears and no “hot spots” remain. Click here to see…

A few powerful members of Congress have got it in their heads that it would be a good idea to shake up the municipal bond market. It’s a bad idea, especially at time when most markets are troubled. These bonds…

When trade emissaries from the European Union arrive in Washington later this month to talk to officials in Congress, the Justice Department, and other executive branch agencies, they’ll have some difficult questions to ask. In particular, they’ll ask about some…

Sometime before Memorial Day, the United States Senate will consider several proposals to put taxpayers on the hook for “national catastrophe insurance” liabilities that could easily top $100 billion. The proposed legislation, intended mostly to reduce soaring homeowners insurance premiums…

Anybody who has spent time in Washington knows that Congress often passes bad laws. But even the most widely derided laws — think of 2003’s Medicare drug benefit — end up doing roughly what their authors set out to do….