Fifty years ago, the United States was facing crises and unrest on multiple fronts. Some predicted that internal chaos and revolution would unravel the nation. The 1969 Vietnam War protests on the UC Berkeley campus turned so violent that National Guard helicopters indiscriminately sprayed tear gas on student demonstrators. Later that year, hundreds of thousands of people filled the streets of major cities as part of the “Moratorium to the End the War in Vietnam.”
The risk of another government shutdown is over—at least until October. The FAA is now funded, national parks are open, and federal employees are once again receiving paychecks (they even received a pay raise). The shutdown is just the latest proof that the federal budget process is broken. Republicans and Democrats spend countless hours quibbling over a relatively small piece of the budget. Meanwhile, they remain silent as the actual drivers of future deficits, entitlements, grow unabated.
Among the Hoover Institution’s 190 fellows for the 2018-19 academic year are eight Robert and Marion Oster National Security Affairs Fellows (NSAF): prominent military, defense and political leaders who conduct independent research relating to their respective professional interests.
Since publication of A Nation at Risk (1983), the United States has engaged in nonstop efforts to raise K–12 academic outcomes and close the tragic achievement gaps between different sectors of its young population.
No one in Washington called Donald J. Trump a “god” (as journalist Evan Thomas in 2009 had suggested of Obama) when he arrived in January 2017. No one felt nerve impulses in his leg when Trump talked, as journalist Chris Matthews once remarked had happened to him after hearing an Obama speech. And no newsman or pundit cared how crisply creased were Trump’s pants, at least in the manner that New York Times columnist David Brooks had once praised Obama’s sartorial preciseness.
Fortunately, we can handle his concern. The reason is that most of the U.S. welfare state is aimed at the elderly, not the poor, and most immigrants are young. Expenditures on Social Security, Medicare, and the nursing home component of Medicaid vastly exceed expenditures on narrowly defined welfare, food stamps, housing subsidies, and the part of Medicaid aimed at the non-elderly poor.
The attraction then, as now, was the Columbia River, which we can glimpse a few blocks to our left. Bitcoin mining—the complex process in which computers solve a complicated math puzzle to win a stack of virtual currency—uses an inordinate amount of electricity, and thanks to five hydroelectric dams that straddle this stretch of the river, about three hours east of Seattle, miners could buy that power more cheaply here than anywhere else in the nation.
Hoover Institution fellow Thomas Sowell weighs in on Democrats' use of race to push their agenda. Sowell notes that like in football the Democrats will run the play (racism because it gets them votes) until someone figures out a way to stop it.
Victor Davis Hanson, senior fellow at the Hoover Institution and professor of Classics Emeritus at California State University, likened President Donald Trump to “chemotherapy” used to cure the “cancer” of America’s “permanent political class.”
Tuesday on Fox Business Network’s “Cavuto: Coast to Coast,” economist and Hoover Institution senior fellow Thomas Sowell offered his thoughts on what appears to a comeback for the popularity of socialism in the United States. Sowell explained that some of the blame could be put on the media and educational institutions in the country for not doing a better job of putting socialism to the test.
Thomas Sowell was interviewed by David Asman, who is at Fox News. He was filling in for Neil Cavuto, was guest hosting Cavuto’s show Coast to Coast on the Fox Business Network. He asked him, “You yourself as a student were drawn towards socialist ideas. You wrote a book on Marx. What turned you against” the Marxists theory?
President Trump vowed at his State of the Union address “that America will never be a socialist country.” But legendary economist Dr. Thomas Sowell sounded a more pessimistic note this week, saying that as far as avoiding a dystopian socialist future goes, “I wouldn’t bet on it.”
The Chicago Booth London campus is delighted to host the former Governor of the Reserve Bank of India and finance professor Raghuram Rajan - one of the most important economic thinkers of our time – to discuss the current populist backlash against globalisation and the release of his new book, The Third Pillar: How Markets and the State Leave the Community Behind.