In the wake of the economy's collapse, "risk" is now (and we suppose has always been) a four-letter word. Today, the Prospect begins its series "Five Ways of Looking at Risk." Mark Schmitt introduces the feature by saying that everything we thought we knew about risk is wrong, and David Moss discusses the government's long history of financial regulation and intervention. The series will continue tomorrow and Thursday with work from Nomi Prins, Robert Johnson, Alyssa Katz, and Jacob Hacker.
Meanwhile, Paul Waldman examines why the Republican Party's anti-tax message just isn't catching on.
And Michelle Goldberg considers the state of the ACLU (and Wendy Kaminer's new book).
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--The Editors