This week’s roundup examines the ideas and institutions shaping our future, from Argentina’s economic troubles and market-based environmental solutions to California’s rail boondoggle and stalled health agency reform.

First, Alvaro Vargas Llosa explains how persistent inflation and incomplete market liberalization continue to weigh heavily on the Argentine economy.

Jane Shaw Stroup highlights that capitalistic innovation and technological breakthroughs are key to solving environmental challenges.

The California Bullet Train project’s cash burn rate is slowing down. That might sound like tweaks have been made for better management…but Craig Eyermann explains why that is not the case.

And finally, Raymond March notes the lack of meaningful reform in America’s health agencies despite personnel shake-ups.

Happy reading.

Jonathan Hofer
Managing Editor