The SAT is not perfect. We all know smart, knowledgeable people who do badly on standardized tests. But neither is it useless. SAT scores do measure both specific knowledge and valuable thinking skills.
Virginia PostrelMedicare is immune from the competitive pressures that force private insurers to pay attention to what patients and doctors want.
Virginia PostrelIn a dynamic, decentralized system of individual choice and responsibility, people do not have to trust any authority but their own.
Virginia Postrel