In the 1970s, Irving Kristol began to document a disturbing consequence of President Lyndon Johnson’s War on Poverty, which, among other things, had funded large numbers of social scientists to research the best ways government might help poor and minority families. Despite the optimistic titles on the studies, a close analysis of the programs they […]
The Destructive Collusion Between Government and Academia Read More »
The spread of school choice and rise of remote work are two of today’s most significant social trends. In the last year alone, seven states — Florida, Indiana, Mississippi, New Hampshire, North Carolina, Tennessee, and West Virginia — have followed Arizona’s lead in adopting statewide policies which fund families to educate their children in whatever
The Great Detachment Read More »
It has only been a year since Arizona passed the country’s first comprehensive school choice program. But since then, seven other states, including Florida, have followed suit with at least eight more on track to adopt similar bills in the near future. Families who take advantage of such legislation typically get a separate account from the state
School Choice Will Sharply Boost the Economy Read More »
As President Joe Biden and House Speaker Kevin McCarthy begin to square off on a compromise debt ceiling bill, the subsidies in the so-called Inflation Reduction Act, or IRA, for the purchase of electric cars will prove a major, if not the major, sticking point. McCarthy clearly knows that Goldman Sachs, Brookings and other respected observers have predicted that these EV credits
Forget Electric Cars — Sweden’s Building Electric Roads Read More »
The recent collapse of Silicon Valley Bank and Signature Bank is just the latest warning that Washington has long passed the point of prudent debt accumulation. Whatever President Biden hoped to achieve with his American Rescue Plan and deceptively named Inflation Reduction Act, the inflation produced by these budget-busting bills and subsequently required interest rates
The Fiscal Danger of Public Sector Unions Read More »
Today’s progressives like to imagine they’re clever when it comes to engineering a carbon-free future. Yet when we look at the record, we see green policies yielding self-defeating public backlashes. The effort by California’s legislature to ban all gas-powered vehicles by 2035, for example, has wreaked havoc on the state’s economy. It’s produced not only the nation’s
Greens Need to Make Peace with Their Historic Enemy Read More »
As high inflation persists, why does President Joe Biden continue to argue for raising taxes, especially on corporations and individuals? In Wall Street Journal, for example, Biden recently argued that if Americans want to stabilize prices, they should want to “end the outrageous unfairness in the tax code.” Economists from his own party, including Clinton Treasury Secretary Larry
The Truth Behind Inflation Read More »
If there is such a thing as a formula for making a hit film, it has something to do with giving audiences a new and unusual villain. Over the years, screenwriters have thrown their protagonists up against enemies as thuggish as boss Johnny Friendly in 1954’s On the Waterfront and as smooth as Olivier’s Crassus as in
Hollywood Ignores One of America’s Worst Villains Read More »
It’s no secret that America’s 564 state and local public pension plans are in serious trouble. Joshua Rauh of Stanford’s Hoover Institution recently put the cumulative underfunding at $3.4 trillion. Less widely known is that the shape of a long-term cure for this deficit has already begun to emerge — along with the unexpected opportunity
Solve the Public Pension Crisis with School Choice Read More »
There seems to be no shortage of explanations these days for America’s unrelenting political polarization: addiction to outrage, populist suspicion of the elites, a psychological preference for revenge over compromise, racial and gender differences, even an epidemic of loneliness that has presumably led to the collapse of online decorum. But while some of these
The Culture War Over Our Fiscal Crisis Read More »