In recent years, economics has become much more empirical and less theoretical. It is not just that empirical work is more valued than theoretical work. Some economists make the claim that they don’t need theory or that theory is a handicap. They claim to just listen to what the numbers have to say.
In the neighborhood of America’s blue states, California is more than keeping up with the Joneses. Three years ago, voters in America’s nation-state legalized recreational marijuana. In New York, a legislative push to do the same as part of a bigger state budget deal just went up in smoke (it might pass this summer when it’s a standalone vote).
Amid threats to close the southern border of the United States, a benign U.S. military deployment along our frontier with Mexico remains a charged political issue. Yet, not only do the U.S. Armed Forces have a long history of serving on that border, they, in fact, never left it. Active U.S. Army installations, such as Fort Bliss near El Paso or Fort Huachuca in southern Arizona, serve as thriving testaments to an armed presence more than 170 years old: There is little new along the Rio Grande or under the Sonoran sun.
Friends and foes, foreign born and homegrown, regularly try to breach the tight security that surrounds an American president. No barrier is too big or technological hindrance too intimidating to stop concerted attempts to access the president and his data. While the risks of getting caught are huge, the rewards for success are immense.
The year 1993 is not normally seen as a geopolitically defining year. As Bill Clinton took the oath of office in Washington, the big geopolitical events of the past few years -- the fall of the Soviet Union, the first Gulf War, the rise of newly independent Eastern European states - continued to reverberate but the world, it seemed, had entered the post-Cold War peace dividend era and the American unipolar moment. Across Middle East capitals, there was no doubt who the great power was in the world. The United States had no rival.
Over at CafeHayek, George Mason University economist Donald Boudreaux, a frequent commenter on this blog, has been in an interesting conversation with two scholars at the American Enterprise Institute. His first post was an open letter to economist Aparna Mathur. She didn’t reply but her colleague Angela Rachidi, whose Ph.D. is in public policy, did.
Hoover Institution fellow Lanhee Chen talks about the release of the Mueller Report and whether the end of the investigation really changed the attitude of those entrenched in their own political beliefs.
A Palo Alto woman’s tirade against a 74-year-old man wearing a Make America Great Again hat inside a Starbucks has sparked a social media firestorm and national debate about whether her actions reflect this country’s political divide or simply epitomize out-of-bounds extremism.
“Poroshenko, zelensky, Poroshenko, Zelensky…” chants the teller, sing-song, over the flutter of papers. It is shortly before midnight on Sunday in the Ukrainian embassy in Warsaw. Representatives of the country’s presidential candidates are gathered around a conference table to count first-round votes from citizens living here in neighbouring Poland.