The Lighthouse®
An odd notion seems to have taken hold in Washington: that the Federal Reserve’s easy monetary policy is actually good for workers. However, nominal wage gains are an illusion when inflation wipes out real gains. Inflation benefits Wall Street, not Main Street.
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The Independent Institute has filed a brief of amicus curiae in support of the petitioners in a historic case before the U.S. Supreme Court, New York State Rifle & Pistol Association v. Corlett. This landmark case could well rule on the constitutional right to bear (carry) a firearm outside one’s home.
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California is on the verge of politicizing the teaching of K-12 math. Its proposed “woke” Mathematics Curriculum Framework would, in effect, de-mathematize math. And who gets harmed the most in moves like this? The poorest and most vulnerable, who need the clear path out of poverty that only a mastery of real mathematics provides. The teaching of straight-up arithmetic, algebra, geometry, trigonometry, and calculus is the equity we need right now—and always.
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By Steve H. Hanke, John Greenwood, OBE (The Wall Street Journal)
June’s inflation index jumped 5.4% from a year ago, the highest reading since August 2008. The experts were surprised. Clearly, Federal Reserve watchers never bothered to consult the work of Nobel Prize Laureate Milton Friedman. Money not just matters, it dominates. And too much of it can wreck an economy.
READ MORE »
By Anthony R. Lupo (Washington Examiner)
In late June and early July, the Pacific Northwest and Western Canada experienced record heat. This occurred against the backdrop of North America’s warmest June ever. So, what exactly happened here? Many things—but none of them man-made.
READ MORE »
By Lawrence J. McQuillan, Jonathan Hofer (The American Conservative)
Last summer, Gov. Newsom opened California markets to entrepreneurs not formally licensed by the state to provide such urgently needed supplies as hand sanitizer, ventilators, and respirators. That deregulation saved lives. Why would Californians even think of reimposing those regulations?
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By Richard K. Vedder (Forbes)
Earmarks are back—and universities and colleges are lining up at the trough. The job now is to mitigate the damage. And federalism might be an answer to reduce the harm. Instead of federal largesse and controls, we should block-grant the money to the states, so individuals with better insight into local conditions can make the decisions where to spend these new “free” dollars. That, plus minimum-performance standards, could really help.
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Volume 24, Issue 29: July 29, 2021
By Judy L. Shelton (The Wall Street Journal)
An odd notion seems to have taken hold in Washington: that the Federal Reserve’s easy monetary policy is actually good for workers. However, nominal wage gains are an illusion when inflation wipes out real gains. Inflation benefits Wall Street, not Main Street.
READ MORE »
The Independent Institute has filed a brief of amicus curiae in support of the petitioners in a historic case before the U.S. Supreme Court, New York State Rifle & Pistol Association v. Corlett. This landmark case could well rule on the constitutional right to bear (carry) a firearm outside one’s home.
READ MORE »
The Right to Bear Arms
A Constitutional Right of the People or a Privilege of the Ruling Class?
A Constitutional Right of the People or a Privilege of the Ruling Class?
By Stephen P. Halbrook
California is on the verge of politicizing the teaching of K-12 math. Its proposed “woke” Mathematics Curriculum Framework would, in effect, de-mathematize math. And who gets harmed the most in moves like this? The poorest and most vulnerable, who need the clear path out of poverty that only a mastery of real mathematics provides. The teaching of straight-up arithmetic, algebra, geometry, trigonometry, and calculus is the equity we need right now—and always.
READ MORE »
By Steve H. Hanke, John Greenwood, OBE (The Wall Street Journal)
June’s inflation index jumped 5.4% from a year ago, the highest reading since August 2008. The experts were surprised. Clearly, Federal Reserve watchers never bothered to consult the work of Nobel Prize Laureate Milton Friedman. Money not just matters, it dominates. And too much of it can wreck an economy.
READ MORE »
Future
Economic Peril or Prosperity?
Economic Peril or Prosperity?
Edited by Robert M. Whaples, Christopher J. Coyne, Michael C. Munger
By Anthony R. Lupo (Washington Examiner)
In late June and early July, the Pacific Northwest and Western Canada experienced record heat. This occurred against the backdrop of North America’s warmest June ever. So, what exactly happened here? Many things—but none of them man-made.
READ MORE »
Hot Talk, Cold Science (2021)
Global Warming’s Unfinished Debate (Revised and Expanded Third Edition)
Global Warming’s Unfinished Debate (Revised and Expanded Third Edition)
By S. Fred Singer, David R. Legates, Anthony R. Lupo
By Lawrence J. McQuillan, Jonathan Hofer (The American Conservative)
Last summer, Gov. Newsom opened California markets to entrepreneurs not formally licensed by the state to provide such urgently needed supplies as hand sanitizer, ventilators, and respirators. That deregulation saved lives. Why would Californians even think of reimposing those regulations?
READ MORE »
By Richard K. Vedder (Forbes)
Earmarks are back—and universities and colleges are lining up at the trough. The job now is to mitigate the damage. And federalism might be an answer to reduce the harm. Instead of federal largesse and controls, we should block-grant the money to the states, so individuals with better insight into local conditions can make the decisions where to spend these new “free” dollars. That, plus minimum-performance standards, could really help.
READ MORE »
The Beacon: New Blog Posts
- It’s Time to End the COVID Mandates, by Randall G. Holcombe
- U.S. Capitol Police Colonize California, by K. Lloyd Billingsley
- Is Our Current Inflation Temporary? Look at the Numbers, by Randall G. Holcombe
- “Dire Consequences” for Most Americans from $3.5T Infrastructure Bill, by Craig Eyermann
- For Department of Homeland Security Boss, Black Cuban Lives Don’t Matter, by K. Lloyd Billingsley
Catalyst: New Articles
- For the Spanish Government, A Carbon Price Isn’t Enough, by Paige Lambermont
- Capitol Police Should Stick To Protecting The Capitol, by Kevin Boyd
- Hyperloop’s Potential for Revolutionizing Freight, by Scott Beyer
