Today, we're reading an op/ed by economist Art Laffer about tax policy, and some suggested ideas about how to reform Fannie Mae and Freddie Mac.

Tax Hikes and the 2011 Economic Collapse - Arthur Laffer, Wall Street Journal

"People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies. It shouldn't surprise anyone that the nine states without an income tax are growing far faster and attracting more people than are the nine states with the highest income tax rates. People and businesses change the location of income based on incentives."

A Steady Freddie - Washington Post Editorial

"By now it's clear that whatever Congress does about financial reform this year almost certainly will not include a permanent fix for Fannie Mae and Freddie Mac, the two mortgage giants currently hemorrhaging taxpayer cash. But new ideas are percolating in the private sector, academia and think tanks."