With state legislative sessions in full swing across the country, the Hoover Education Success Initiative (HESI), a newly formed research program at Stanford University’s Hoover Institution, has released “The Diploma Dilemma”—a policy brief that details how high school graduation rates continue to rise even as overall academic and career skill attainment remain flat.
As more Californians lose work because of Assembly Bill 5 (AB 5), the new ban on some independent contractor relationships, the California Senate Republican Caucus and Republicans in the California State Assembly are introducing bills to stop this new law from doing more damage.
[Subscription Required] Throughout its history, the United States has oscillated between two foreign policies. One aims to remake other countries in the American image. The other regards the rest of the world as essentially beyond repair.
The Traditional View (TV) of large deficits and debt is they have large economic costs, save in a recession and early recovery, because they crowd out investment and lower future income, and taken to extremes, can cause inflation and even a financial crisis.
I construct a simple model with sticky prices and interest rate targets, closed by fiscal theory of the price level with long-term debt and fiscal and monetary policy rules. Fiscal surpluses rise following periods of deficit, to repay accumulated debt, but surpluses do not respond to arbitrary unexpected inflation and deflation, so fiscal policy remains active.
[Subscription Required] On February 4, Cui Tiankai, China’s ambassador to the United States, prepared to address an audience of students, scholars, and businesspeople in San Diego, California. Before the ambassador could speak, a young Chinese man stood up and yelled, “Xi Jinping, step down!” Security quickly whisked the man away, and the event went on.
Unless one of the Democratic presidential candidates does something truly suicidal in the next 24 hours – i.e., fly in Joaquin Phoenix to discuss the anthropological arrogance of cow’s milk with Connecticut River Valley dairy farmers – here are some New Hampshire primary focal points.
Last year a friend of mine married a woman from Brazil and, of course, he wanted to help her get her green card. I had gotten to know and like her and my friend asked me if I would write a letter, and get it notarized, to vouch for her as basically a good person and theirs as a good marriage. That certainly fit my perceptions of the case and so I was happy to do it.
Hoover Institution fellow Andrew Roberts discusses some of the greatest and most nefarious war leaders of the past – including Napoleon, Hitler, Churchill and Eisenhower – and considers what traits they shared.
With impeachment over, at least for now, and the investigation into the origins of the Trump-Russia hoax continuing, Americans may soon learn that no one is above the law — “most certainly not a group of smug and mediocre apparatchiks who assumed they had the moral right to destroy a presidential candidate and later an elected president,” historian and columnist Victor Davis Hanson wrote.