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The Lighthouse®

The Lighthouse® is the weekly email newsletter of the Independent Institute.
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Volume 24, Issue 31: August 12, 2021

By Donald J. Boudreaux, Jayanta Battacharya (The Wall Street Journal)
Much of the pathology underlying Covid policy arises from the fantasy that it is possible to eradicate the virus. But it can’t be. The only practical course? Live with the virus, while protecting the truly vulnerable—like humanity has done over millennia with countless other pathogens. READ MORE »



By William J. Luther, Alexander William Salter (The Wall Street Journal)
President Richard Nixon ended the redeemability of dollars for gold and ushered in the fiat money era on Aug. 15, 1971. Many economists look back on the occasion with delight. But the ideas of John Maynard Keynes were wrong then and they are wrong now. READ MORE »



By Victor Davis Hanson (American Greatness)
It was always going to be Herculean to inoculate, with an untried vaccine, a multi-ethnic nation of 330 million, across a vast continent. And a media that routinely warps the daily news hasn’t helped. Nor does the Biden Administration’s admitting into the US thousands of Covid-positive illegal immigrants. Then there is Dr. Anthony Fauci, the nation’s impresario of mass hysteria. Where is the leadership we really need? READ MORE »



By Steven C. Quay and Richard A. Muller (The Wall Street Journal)
The possibility that the pandemic began with an escape from the Wuhan Institute of Virology is attracting fresh attention. President Biden has asked the national intelligence community to redouble efforts to investigate. The Chinese Communist Party has been reluctant to release relevant information. Reports based on U.S. intelligence have suggested the lab collaborated on projects with the Chinese military. READ MORE »



By Ivan Eland (The American Conservative)
Recent decades have searingly demonstrated that the president has become too powerful in the American republic, most prominently in the national security arena. Which is why Congress should pass, and President Biden should sign, the newly proposed National Security Powers Act. It’s the best chance we have to see the House and Senate claw back their constitutional powers over foreign affairs. READ MORE »



By K. Lloyd Billingsley (The Epoch Times)
China has rejected a World Health Organization plan that would further probe the origin of the virus that causes COVID-19, including the possibility that it escaped from a Chinese laboratory. American officials are taking a similar obstructionist stance. But evidence for the laboratory origin has been mounting since early 2020. READ MORE »



By Richard K. Vedder (Forbes)
Conventional wisdom has been that college enrollments would continue to rise, and, in order to remain competitive with other schools, colleges needed to offer the kids luxury housing. Students could just get ever larger federal student loans to cover the costs. In reality, however, enrollments fell sharply. What should universities do about the excess housing? READ MORE »





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