Talk of pension reform in the government sector starts the usual hand wringing among those who think they know best for everyone else. At the moment, Wyoming's government signs most of its workers up to a defined benefit pension plan, whether these workers would prefer another option or not. Most people in the private sector, if they have a pension...

In 1957, Ford Motor Company rolled out its new brand called Edsel. The ambition for the new brand was to help Ford outgrow General Motors. Reality, though, was different: after three years of disastrous sales Ford shut down the Edsel division. The motive for the decision is obvious: Edsel was losing enormous amounts of money. The verdict of the fre...