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The Lighthouse®

The Lighthouse® is the weekly email newsletter of the Independent Institute.
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Volume 25, Issue 31: August 2, 2022

Ivan Eland (Inside Sources)
From 1788 until World War I, the United States strenuously avoided being dragged into Europe’s conflicts. But no longer. The latest entanglement in Ukraine threatens to get worse for all sides, if we don’t avoid some key flashpoints. Let’s pray that we do. READ MORE »



Phillip W. Magness (Wall Street Journal)
The Biden administration appears to be preparing for a recession—or rather, for news of one. Instead of tackling the underlying economic problems, the White House is playing word games. Remember “transitory” inflation? READ MORE »



James T. Bennett (Washington Times)
Mr. Biden’s federal gas-tax holiday proposal is just a three-month gimmick. Let’s make this holiday permanent. If we do, pickup-drivers in Maine and Montana can stop subsidizing bond traders’ and investment bankers’ train rides from Chappaqua, New York, and Darien, Connecticut, to Wall Street. READ MORE »



Judy Shelton (Wall Street Journal)
The Fed has long boasted of its status as an “independent government agency” that “doesn’t receive funding through the congressional budgetary process.” Then why is the Treasury about to start underwriting the Fed’s operating expenses? READ MORE »






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