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Reform ‘Reform’

It is a time for bold initiatives that disrupt the status quo.

May 17, 2010, Vol. 15, No. 33 • By MATTHEW CONTINETTI
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It’s time to reform the concept of reform. It’s time to return to the bold initiatives that strip power from insiders and upend the established order. The Kaufman-Brown amendment to break up the big banks would have done just this, so obviously the Senate defeated it. A few other proposals do justice to the idea of reform, in ways ranging from the radical to the incremental, like Paul Ryan’s Roadmap for America’s Future, Jeffrey Anderson’s Small Bill for health care, and Oliver Hart and Luigi Zingales’s market-based trigger for the resolution of large and complex financial institutions. If only there were more. The lack of political entrepreneurship these days makes us want to reach for the Xanax.

—Matthew Continetti

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