The hottest Institutional change Substack posts right now

The New York Times has become more ideologically diverse in recent months.
The paper's Opinion section now includes a broader range of perspectives.
There has been a shift towards more trustworthy reporting and ideological diversity at The New York Times.

Elections have a big impact on politics, not just for immediate decisions but for long-term institutional changes as well. The 2024 election will shape how Congress and the presidency work together.
Short-term politics often drive changes in political institutions. When parties gain power, they tend to prioritize their goals over the rules, leading to shifts in how power is distributed over time.
The balance of power after the 2024 elections will influence significant issues like the filibuster and how nominations are handled. Different outcomes can lead to major changes in how legislation is passed and how the government operates.

Modern republicanism initiated in the United States is failing due to outdated structures.
The American government's institutions have remained unchanged in over two centuries, despite the need for reform.
Challenges with representation in government are key issues that need to be addressed to improve democracy.

Transitioning from heavily regulated industries to organic market processes is unlikely to be organic due to embedded special interests.
In regulated industries like electricity, designing market rules is necessary to prevent favoring existing incumbents.
Market institutions need to be deliberately designed in less-than-organic circumstances, introducing a political dimension to the process.

Economists often view politics as a type of exchange, similar to market transactions. This means they see politicians as motivated by personal interests, like getting re-elected, but also recognize that politicians can care about the common good too.
Jack Hirshleifer's insights emphasize that the rules of the game, like laws and property rights, shape how economics and politics function. We need to pay more attention to how these rules change over time.
Applying economic thinking to political behavior can reveal new insights. Understanding how people make decisions outside of markets can enhance our grasp of human behavior overall.

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Recess appointments raise complex questions. They involve legal, ethical, and political issues that often don't connect neatly with each other.
The conflict between what is allowed constitutionally and what seems right normatively creates challenges in how appointments should be handled.
Current political actions could lead to changes in how power is shared between the presidency and Congress. This might make future appointments more contentious.