It’s a strange campaign season, loaded with fantastical promises of government handouts for health care, college and even a guaranteed national income. But Sen. Elizabeth Warren’s Social Security plan takes the cake. With trillion-dollar federal budget deficits and Social Security heading for bankruptcy, Ms. Warren proposes to give every current and future Social Security recipient an additional $2,400 a year. She plans to finance her proposal, which would cost more than $150 billion annually, with a 14.8% tax on high-income individuals.
In 1212, thousands of children and teens in France and England set off for the Holy Land to convert Muslims to Christianity. Led by shepherds, these mostly poor and dispossessed young people headed for the Mediterranean, believing it would miraculously part and allow them to cross on dry land. Instead, the children, promised free passage by a couple of unscrupulous merchants, were sold into slavery or died in a shipwreck.
Hoover Institution fellow Jack Goldsmith talks with John Fabian Witt, professor of law at Yale Law School, about Witt’s new book, To Save the Country: A Lost Treatise on Martial Law, which features a previously undiscovered manuscript written by Francis Lieber, a legal adviser to Lincoln’s White House and key thinker in the development of American laws of war.
Reflecting on the rise of three Eurasian superpowers — China, Russia and Iran — three Hoover Institution faculty spoke at the Institution’s Traitel Auditorium on the need for national unity in ensuring the promotion of American values and interests over the next decades. The event featured speakers Gary Roughhead, Abbas Milani and Michael McFaul and was part of a broader Hoover lecture series intended to promote values of American democracy, private enterprise and political freedom as it celebrates the centennial of its founding.
After months of urging fellow Democrats to proceed with caution and infuriating progressives by staving off calls to impeach President Trump, House Speaker Nancy Pelosi on Tuesday announced she was initiating an official impeachment inquiry.
“All Americans need to recognize that our democracy is an experiment—and one that can be reversed,” former Marine Gen. and Secretary of Defense James Mattis warned in his first public statement since leaving the Trump cabinet earlier this year. That experiment relies on the ability of Americans who fight for our democracy and sacrifice to protect our way of life to do so effectively.
The world has entered a new bout of a Cold War that does not involve traditional nor strategic arms like nuclear, where primary weaponry is technology as the tech-empowered ascension of China poses a fundamental challenge to both the west and east hemispheres, argued Niall Ferguson, a prominent scholar from the Stanford University.
With the minimum wage set to increase beginning next week in the state of Connecticut, we are once again reminded that our political leaders believe themselves to be more competent than the free market and the individual actors who operate within it. Though the narrative is routinely given precedence, here is the fact of the matter: Wage floors only help the politicians who promise them.
The Federal Reserve has never been more famous than it is today. It drew praise, and ire, for its handling of the financial crisis a decade ago, and the extraordinary measures it took subsequently to stimulate the U.S. economy have made it an important driver of financial markets. Meanwhile, President Trump has made its chairman, Jerome Powell, a household name by frequently criticizing the central bank’s policies on Twitter and to the press.
I suppose if you believe that the world is going to end before you have a chance to grow up, and all this because of greedy grown-ups, you might sound like Greta Thunberg at the United Nations yesterday. Still . . . No sixteen-year-old should sound like this.