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EducationAnalysis and Commentary

Ethnic Studies Curriculum Promotes Divisiveness and Indoctrination

by Lee Ohanianvia California on Your Mind
Tuesday, January 19, 2021

A third draft of California’s ethnic studies curriculum was released last month. Despite a third try, the latest version remains far from its legislated purpose of “highlighting the contributions of minorities in the development of California and the United States” and helping students become “global citizens with an appreciation for the contributions of multiple cultures.” 

Analysis and Commentary

Russia's Putin And Navalny Collide; Who Will Survive?

by Paul R. Gregoryvia The Hill
Tuesday, January 19, 2021

To understand the events of Russian dissident Aleksei Navalny’s near-fatal poisoning and his Jan. 17 return to Russia, you must know that there are two Navalnys: Navalny No. 1 is described by Kremlin-controlled media as a CIA agent, corrupt, a hater of Russia, a loud-mouthed liar; Navalny No. 2, according to his admirers, is a heroic fighter against the corruption of Russia’s ruling class, a proponent of democracy, the best hope for a civilized Russia.

Analysis and Commentary

COVID-19 Is A Persistent Reallocation Shock

by Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyervia Becker Friedman Institute for Economics at the University of Chicago
Tuesday, January 19, 2021

Recent data from the firm-level Survey of Business Uncertainty reveal three pieces of evidence that COVID-19 is a persistent reallocation shock.

Analysis and Commentary

The Inevitability Of German Stimulus

by Melvyn B. Kraussvia Project Syndicate
Tuesday, January 19, 2021

The transition to new German leadership after 16 years under Chancellor Angela Merkel will not change the country's core political priorities vis-à-vis Europe. Preserving the eurozone will remain paramount, even if it means suspending Germany's traditional opposition to fiscal stimulus and deficits.

In the News

Why Are Investors Gung Ho On Bitcoin, Tesla? Raghuram Rajan Has A Theory

quoting Raghuram Rajanvia Economic Times (India)
Monday, January 18, 2021

Ever since global markets started rebounding from their March lows, the prices of Tesla stock and Bitcoin have defied gravity as well as valuation metrics. Former Reserve Bank of India (RBI) Governor and eminent economist Raghuram Rajan says the cryptocurrency is nothing but a classic case of bubble, while the momentum in the Tesla stock is being driven partly by hordes of small investors. 

In the News

Joe Biden’s Risky Rush To Undo Every Trump Action

quoting Bjorn Lomborgvia The New York Post
Monday, January 18, 2021

The Joe Biden era officially begins Wednesday, and from the looks of it, his much-ballyhooed calls for “unity” are out the window.

In the News

They Did Their Jobs Well

mentioning Kevin Hassett, H. R. McMastervia The Wall Street Journal
Monday, January 18, 2021
Pence, Kudlow, Rao, Pai and more: Here are the Trump appointees and policies that served the country.
In the News

Biden’s Economic Plan Rests On A Daring Wager That Rates Stay Low. But Watch Out If They Don’t

quoting John H. Cochranevia Fortune
Monday, January 18, 2021

[Subscription Required] President-elect Biden's plans for sparking the economy by borrowing fresh trillions might seem reckless when the U.S. is facing the biggest debt and deficits in post-war history, with no relief in sight. 

United States Postal Service truck
Analysis and Commentary

A Shocking USPS Admission

by David R. Hendersonvia EconLog
Monday, January 18, 2021

Last Monday, January 11, I mailed off my estimated tax payments to California’s state government (an agency called the Franchise Tax Board) and the federal government (IRS). Both, but especially the check to the IRS, were for large amounts.

In the News

Offsetting The Misery Of The U.S. Government's Spending Disaster

quoting John B. Taylor, John F. Coganvia The Washington Times
Monday, January 18, 2021
Stimulus checks coupled with government-induced shortages could lead to higher rates of inflation.