The current debate on whether schools should be reopened or not is not just a debate on the safety of children. It should also be a debate on how much freedom we want to give to parents to pick a school best fitted to their children’s needs. The idea of school choice, that parents should have a choice on where to send their children to school, coupled with a voucher program, is paramount in taking back education from the bureaucrats in state capitals and in Washington, DC, which has become dependent upon the approval of the powerful teachers’ union.

The conclusion of the March Federal Open Market Committee (FOMC) meeting, on Wednesday, reiterates that low rates and perpetual increases to the money supply should now be considered permanent features of the economy. Federal Reserve Chair Powell would never say this explicitly, but the  Q & A provides further clues that the Fed has unofficially committed to this path:

Last week, Senator Chuck Schumer reassured us eight times that “help is on the way.” Madame Vice-President and Speaker Nancy Pelosi both reiterated this stance. This should be cause for celebration! As Schumer said:

You will receive your $1,400 checks in a few weeks. Help is on the way. People are being vaccinated more quickly and more effectively than we ever imagined. Help is on the way.

Listen to the Audio Mises Wire version of this article.

Listen to the Audio Mises Wire version of this article.

Recently, while reading Liberalism: In the Classical Tradition, written by Ludwig von Mises in the year 1927, I noted a striking passage, right in the beginning on page 4:

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Earlier this month, House Armed Services Committee chairman Adam Smith (D-WA) said it’s time to “cut our losses” on the F-35 Joint Strike Fighter, and added, “I want to stop throwing money down that particular rathole.”