America finds itself in a moment of profound and complex governing challenges. A crushing recession followed by a feeble recovery have shaken the foundations of our financial and economic system. We are struggling with the exploding costs of health-care and entitlement spending, and fiscal disaster looms as our society ages. American families are anxious about wage stagnation, barriers to social mobility, and the nation’s competitiveness in an era of globalization. Meanwhile, our large governing institutions — most of them designed several decades ago — are showing signs of strain and decay, calling out for serious reform. National Affairs, a quarterly journal of essays on domestic policy and political economy, was launched in 2009 to help Americans think more clearly about these problems and to develop promising solutions. This book is a collection of some of the most timely and concrete policy proposals published in the journal’s pages, offering ideas for reforming our welfare state, our tax system, financial regulation, monetary policy, education, state finances, and more. Each essay was written by a prominent expert in the field—the authors are all notable right-leaning academics, policy experts, former government officials, or think tank scholars with national reputations.