Now that the old rules governing macroeconomic cycles no longer seem to apply, it remains to be seen what might cause the next recession in the United States. But if recent history is our guide, the biggest threat stems not from the US Federal Reserve or any one sector of the economy, but rather from the White House.
I had the honor of speaking at the annual “Airman of the Year” dinner for a US Air Force wing a few days ago. My tasking was to offer some brief remarks that were motivational and maybe told a story of resiliency. What can a civilian say to the men and women who routinely risk their lives rescuing other military heroes? About resiliency?
Robert Pondiscio, a senior fellow at the Thomas B. Fordham Institute, sits down with Paul E. Peterson to discuss his time observing a Success Academy school in the Bronx, and his new book, “How the Other Half Learns.”
As the celebrations of the 70th anniversary of the Chinese Communist Party’s (CCP) takeover of mainland China recede into recent history, a look at the Communists’ heritage suggests that for all its foreign-exchange reserves and tech manufacturing know-how, and despite its military hardware and far-flung infrastructure investment portfolio, China may not have come that far.
Last week, I wrote Part I of my critique of a recent long article in the New York Times by new Nobel Prize in economics winners Esther Duflo and Abhijit Banerjee of MIT. The op/ed is titled “Economic Incentives Don’t Always Do What We Want Them To,” New York Times, October 26, 2019. This is Part II of the critique.
Hoover Institution fellow John Yoo discusses the timing of emails between ousted Ukraine Amb. Marie Yovanovitch and a Democratic congressional staffer. Was a whistle-blower working with House Democratic staff to coordinate stories?
At the top of a steep hill here stands a green hexagonal cottage. Milton Friedman, who built it in the 1960s, used to look out, as I am looking now, over the slopes that stretch in every direction, thick with pine and birch and maple. Perhaps the great free market economist mused, even in those earliest days of eco-activism, on how prosperity boosts the natural ecology.
War correspondent Harry Williams picked up the phone in Paris. It was May 1918 and artillery shells were raining down around him. He expected the line would be filled with heavy static and the sound of foreign-speaking voices.