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The Lighthouse®

The Lighthouse® is the weekly email newsletter of the Independent Institute.
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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 »

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 »

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 »

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 »

  • Catalyst
  • Beyond Homeless