Chicago – Another day, another attack on trade. Why is it that every dispute – whether over intellectual property (IP), immigration, environmental damage, or war reparations – now produces new threats to trade?
This summer, I’ve made this case: 1. Student outcomes rose significantly for the lowest-performing students and students of color from the late-1990s until the Great Recession—especially in reading and math, but in other academic subjects, too. There’s also been big recent improvement in the high school graduation rate for these groups.
It seems every month, the Congressional Budget Office (CBO) releases another report showing sharp increases in the federal debt. In June, CBO released its annual Long-Term Budget Outlook showing debt would pass 100% of GDP in 2034 and hit 144% in 2049. And, just last month, CBO’s updated 10-year budget forecasts showed even larger deficits than previously predicted.
Try this for unusual: the most intriguing U.S. Senate race in 2020 may have nothing to do with the balance of power in the chamber. I’m referring to next year’s Democratic primary in Massachusetts, where the incumbent Sen. Ed Markey may find himself fending off a challenge from Rep. Joseph P. Kennedy.
And then there were ten. That is: Ten Democrats who have qualified to participate in the next presidential primary debate on September 12. Although the field has narrowed, the candidates’ drift toward far-left progressive policies continues—particularly when it comes to efforts to deal with climate change.
A remembrance of beauty persists alongside the horrors that mark Sept. 11, 2001. A storm had swept across the Northeast the day before, giving rise that morning to a rare meteorological phenomenon known as “severe clear.”
Arnold Kling, an EconLog mainstay, posted this morning with a link to his mother’s fascinating testimony before a St. Louis meeting of the famous House Unamerican Activities Committee. His mother, Anne Ruth Kling, nee Yasgur, had been a member of the Communist Party during and slightly after World War II. That in itself I find fascinating.
Mr. Romer’s answer is to do with this moment what Burning Man does every summer: Stake out the street grid; separate public from private space; and leave room for what’s to come. Then let the free market take over. No market mechanism can ever create the road network that connects everyone. The government must do that first.
Hoover Institution fellow Lanhee Chen discusses the heated political situation in Hong Kong and whether it will cool down now that Chief Executive, Carrie Lam announced that the government will be withdrawing the extradition bill that sparked massive protests for the past few months.
For Dutch historian Frank Dikötter, the purpose of a dictator’s personality cult is clear. It is not to convince or persuade but rather to “sow confusion, to destroy common sense, to enforce obedience, to isolate individuals and crush their dignity”.
Terming Pakistan as the "most dangerous" country for its nuclear capabilities and radicalisation, former US Secretary of Defence Jim Mattis has said the tragedy for Pakistani people is that they do not have leaders who care about their future.
As most long-standing news outlets have shuttered their foreign bureaus and print operations, the role of Global News Networks (GNNs) as information collectors and policy influencers has changed. Western GNNs are both untethered to government entities and able to produce accurate yet critical situational analyses. But due to the emergence of other GNNs owned or directed by national governments, the global news cycle has become thoroughly manipulatable.
British Prime Minister Boris Johnson has lost his game of Brexit “chicken” with U.K. opposition parties and the European Union, according to Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University.
It used to be that those who peddled apocalypse sporting their placards in the service of some cult on a flyblown city corner were an object of amusement. One could compile a book of cartoons with variations on the theme. Now the theme has become Democratic Party orthodoxy. The Democratic presidential candidates must all bow before it, as they did earlier this week in the course of CNN’s “climate change town hall.”
As the 2020 presidential election season heats up, Federal Reserve Chairman Jerome Powell is being pushed from all sides. President Trump has castigated him for overly tight monetary policy and has implied that Powell is a “bigger enemy” than Xi Jinping.
The title of this article is likely one of the last things you’d imagine a person like me would say. As a conservative libertarian, many of Obama’s policies, actions and speeches while in office made me recoil in horror at the Orwellian neo-liberal state that he imagined for America.