In the ongoing debate about enforcement of the Voting Rights Act, civil rights activists allege that the Trump administration is intimidating black people to impede them from voting. They invoke the history of the Reconstruction era, arguing that “voters, especially voters of color, are intimidated and fearful of engaging in the democratic process.”
According to John Maynard Keynes,
The AI boom is consuming electricity, water, land, and capital at extraordinary rates. Governments should resist the temptation to stop it before its productivity dividend arrives. Artificial intelligence is reshaping markets and corporate earnings at a pace that has surprised even the most bullish investors.
My grandson is 21, pursuing a degree in college and active in sports and social life. His future looks bright. But he and others of his generation will enter that future with a handicap imposed on them by people they have never met: Policymakers at the Federal Reserve. They claim to be “firmly committed to fulfilling its statutory mandate from Congress of promoting maximum employment, stable prices, and moderate long-term interest rates.”
