In his “Theses on Feuerbach,” the young Karl Marx proclaimed, “[P]hilosophers have only hitherto interpreted the world in various ways; the point is to change it” (emphasis in original). Mission statements of several of our preeminent colleges and universities follow suit. The primary purpose of liberal education, according to these formal pronouncements, is not to understand the world but to remake it.
The consequences of free trade are very similar to what happens when a new technology is invented. In both cases goods and services get better and more affordable for everyone, new jobs are created, and some jobs are replaced. So, the next time someone proposes new trade barriers, imagine instead that they had proposed outlawing a new invention.
In 1919, Europe was in recovery from the devastation of World War I, the Russian Civil War was raging, the Versailles peace negotiations had begun, Adolph Hitler gave his first speech to the German Workers Party, and the world was awash in change. Herbert Hoover had witnessed firsthand the devastating aftermath of the war as Chairman of the Commission for Relief in Belgium, where he led the relief effort for the food crisis that Belgium faced after the German invasion. He recognized that history was being forged around him and in 1919 he sent $50,000 to his alma mater, Stanford University, to be used to archive materials from the “Great War” for future generations.
In his latest column for Bloomberg, “Seven Lessons About Blackmail,” economist Tyler Cowen takes up the issue of blackmail. What motivated it, of course, as he makes clear, is the recent controversy involving Amazon’s Jeff Bezos’s allegation that the National Enquirer has blackmailed him.
The nation got its first chance to digest the details of the Green New Deal when Democrats proposed a nonbinding congressional resolution last week. Reading the 14-page document feels a bit like scanning a multipage menu in search of a satisfying meal. If you are a progressive, you feel overwhelmed by all there is to savor, and if you are a conservative, you struggle to find something you can stomach.
Nuclear tensions on the Korean Peninsula have diminished since last summer’s Singapore summit between President Trump and North Korea’s Supreme Leader Kim Jong Un. In the run-up to this month’s Vietnam summit, Trump is acutely aware that a potential landmark deal on Kim’s complete, verifiable and permanent denuclearization would be a significant foreign policy win for him, the region and the world.
Hoover Institution fellow John Yoo talks about former Deputy Director of the Federal Bureau of Investigation (FBI) Andrew McCabe's disclosure that he ordered an investigation of President Trump after President Trump fired FBI Director James Comey.
The authors of a November 2018 report by the Hoover Institution that called for “constructive vigilance” against Chinese influence on U.S. institutions faced an oftentimes critical, predominantly Chinese audience in a panel discussion on their findings, which ranged from Chinese propaganda in U.S. media to illicit technology transfer.
Brandon Darby has a target on his head from the Mexican cartels. Concealing his Second Amendment rights under his vest, he hides among some of the most dangerous people in the Western Hemisphere. With more than half of the 32 Mexican states being run by the cartels, Brandon, a father and family man, understands his life is on the line daily.
Millions of Americans are waiting for Robert Mueller to give them the final word on whether the Trump campaign conspired with the 2016 Russian election interference effort — and whether their president is under the influence of a foreign adversary.
Nineteenth century historian Thomas Carlyle called economics "the dismal science" because of its predictions about scarcity and poverty. Those are immutable features of all societies, which explains why his snarky term remains widely used. Modern economics writer Thomas Sowell captured the same idea, but expanded upon it. "The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it," he wrote. "The first lesson of politics is to disregard the first lesson of economics."
The White House says President Donald Trump will declare a national emergency and take other executive action to allow construction of the president’s long-promised southern border wall, after bipartisan congressional negotiations provided less than a quarter of the $5.7 billion Trump wanted to start building more than 200 miles of wall.
[Subscription Required] In March of 1951, a year into the Korean War, the US Treasury offered long-term notes at 2 3/4 per cent in exchange for short-term notes at 2 1/2 per cent. According to a narrative written half a century later by the Richmond Fed, the Federal Reserve supported the price of the long-term notes, but: only up to a limited volume it had agreed on with the Treasury.
Wolfgang Ischinger (Ambassador, Chairman of the Munich Security Conference), Timothy Garton Ash (Professor of European Studies, Oxford University), and Sabine Weyand (Deputy Chief Negotiator, Task Force for the Preparation and Conduct of the Negotiations with the United Kingdom under Article 50, European Commission).