Last week we learned that, in June, prices throughout the U.S. economy continued to rise at a pace we simply have not observed since the “Great Inflation” period of 1966-1982. Tuesday’s report that consumer prices had risen 0.9 percent (11.4 percent at an annual rate) was followed Wednesday with news that producer prices had surged 1 percent (12.2 percent annualized), both roughly double what economists had been forecasting.
Almost three decades ago, a coterie of defense wonks proclaimed that the information revolution would transform military power. They were right. But three decades later, it is time for the American military to prepare for what’s next, not try to dominate a 90s-era information battlefield.
(Part 1) Hoover Institution fellow Richard Epstein discusses his Defining Ideas article "Trump V. Big Tech." Part 2 of the interview is available here.
The Biden presidency largely has been hailed as a return to normalcy, transparency and accountability following the tumultuous years of the Trump administration. Why then, is Biden’s Department of Education refusing to allow one of its most important oversight boards to meet?
