For some time now, respected economists across the political spectrum have been urging politicians to address the rising level of U.S. debt. The official tally of the country’s liabilities has skyrocketed over the last decade from $15 trillion to $33.7 trillion; this dramatic increase does not even include what Washington has promised to pay out […]
The Federal Debt Is Getting Worse — and That’s the Plan! Read More »
A new Arizona law which funds all the state’s K-12th grade children to attend a school of their family’s choosing, public or private, has been widely hailed as a landmark education reform, although evidence suggests the benefits will go far beyond academics. Studies by the Manhattan Institute, New Jersey’s E3, and Connecticut’s Yankee Institute all show that subsidizing students to use
Universal School Choice Will Transform Every Community Read More »
For anyone who took a college course in psychology more than a decade ago or who is even casually acquainted with the subject through popular articles, a close examination of today’s field would undoubtedly prove surprising. The science that for most of the 20th century portrayed itself as the enlightened alternative to organized religion has
Psychology Rediscovers Religion Read More »
As more people, both in the U.S. and around the world, wake up to the reality of spiraling inflation, it becomes clear just how much of the overspending and deficits driving inflation are attributable to self-serving government inefficiencies. As the great economist Friedrich von Hayek once said, outbreaks of inflation are almost always “engineered by
Inflation Will End Wokeness Read More »
In the months following the 2008 subprime mortgage crisis, many believed that blue states most burdened by the combination of underfunded public pensions and large deficits would have to declare bankruptcy. Oppenheimer Managing Director Meredith Whitney, Kynikos Associates founder James Chanos, and other investment experts voiced this prediction. The fact that states did not actually
The Surprising Blessings of Blue State Bankruptcy Read More »
A just-released school reform study in New York promises timely fiscal as well as educational benefits, and not just for the Empire State. Some quick background helps us appreciate the study’s important implications for the entire nation. In 2011, Arizona became the first state to adopt what is called an education savings account,
Proof That School Choice Could Save Taxpayers Billions Read More »
It is hardly news that America’s political divide has widened considerably in recent years. Whereas past policy debates typically occurred between people with roughly similar views of history and social philosophy, many colleges, non-profits, and other institutions have adopted a so-called “progressive” viewpoint which holds that the U.S. is fundamentally racist, dominated by an intrinsically
Progressivism as Camouflage Read More »
One of the most familiar New Testament parables tells the story of a man preparing for a long journey, who called in three of his servants to entrust them with some property, each according to his ability. (Matthew 25:14-30) To the first the master loaned five talents, to the next two talents, and to
Fiscal Reformer as Spiritual Healer Read More »
The novelist Alexander Solzhenitsyn, physicist Andrei Sakharov, mathematician Igor Shafarevich, historian Vadim Borisov, and art publisher Evgeny Barabanov – these and other Russian thinkers once admired for their daring criticism of the old Soviet Union are now mostly forgotten. But were they writing in our own time, what would they make of American conservativism’s
Anti-Socialist Primer from Russia’s Bravest Thinkers Read More »
A recent study by Connecticut hedge fund manager Ray Dalio for his book Principles for Navigating Big Debt Crises suggests an unexpected spiritual impact of the coming debt crisis. After closely examining every recovery from the brink of a sovereign bankruptcy since ancient Greece, Dalio concluded that all successful government bailouts have one necessary
More on How the Debt Crisis Will Spark a Great Awakening Read More »