Markets thrive on competition. Unfortunately, this doesn’t just apply to real economic markets. It also applies to markets for bad ideas and political pandering.

With approximately 200 Democrats now running for president (we lost count a few weeks ago), the bidding to bribe Iowa caucusgoers is becoming intense. This is unfortunate not just because it is unseemly but also because the offers are coming at the expense of the nation’s well-being and the environment’s health.