Revitalizing American Institutions

“The economic governance principles that drove American peace and prosperity should serve as guideposts to navigate the balance of the twenty-first century. If we choose to empower the individual, encourage the development and dissemination of new ideas, and ensure the fidelity of institutions to their mission, then the United States can once again be a beacon to the world.”

—Leonard and Shirley Ely Senior Fellow John Cogan and Shepard Family Distinguished Visiting Fellow Kevin Warsh in “Reinvigorating Economic Governance,” an essay for the Hoover Institution, April 2022

“We Americans, of all stripes, have a great deal in common, and our commonalities can be used to build bridges, undergirded by patriotism, between black America and the nation as a whole. We all finally want the same things. We want a shot at the American Dream. We want each generation to do better than the ones that came before it. We want to feel secure in our homes and in public. We want to live in clean and orderly communities with good services. We want the government to work for us, not the other way around. We want to be treated fairly by ­society and our institutions.”

—Distinguished Visiting Fellow Glenn Loury in First Things, January 2022

“The republic may well be in mortal danger if each of the two major parties aspires to make fundamental changes to the political system obviously designed to entrench itself permanently in power. It is especially dangerous that each side firmly believes that only the other side is trying to do this. Democracy works only when the basic rules of the game are accepted. When changing those rules becomes the central object of politics, the stakes become too high — the price of defeat too heavy.”

—Milbank Family Senior Fellow Niall Ferguson in Bloomberg, December 2021