The US Department of Education should have been abolished years ago. Once upon a time, GOP candidates pledged to do just that. But now the Party is happy to use the Department to provide photo ops for the politicians appointed as the Sec. of Education.
Earlier today, US Sec. of Education Betsy DeVos visited Marjory Stoneman Douglas High School, the site of last month’s shooting.
President Donald Trump’s announcement that he plans to impose tariffs of 25% on steel imports and 10% on imported aluminum is the first major economic policy error of his presidency.
What is the president’s motive? I firmly believe that Mr. Trump’s primary goal as president is to help American workers. Both his tax cut and his regulatory rollback were done for that reason, and workers are benefiting. By contrast, tariffs would not help workers but would cause other problems.
As things stand, China holds around 20 percent, or $ 1.2 trillion, of outstanding US credit market debt. This is the result of decades of “symbiotic interaction”, if one follows the hidden message that is embedded in the neologism “Chinamerica”: Americans consume more goods from China than they export to China, and the Chinese are willingly financing the US trade deficit with their “over-savings” by holding dollars and US dollar-denominated debt. In 2017 alone, it amounted to $ 375 billion.
A movement is taking over America’s colleges and universities that rejects classical norms of reason, logic, and scholarship. This anti-intellectual trend is a road to totalitarianism.
What now passes for erudition in many liberal arts departments would not qualify as good scholarship using the proven tests of critical thinking. Worse, dissent is being shouted down, not debated. And many administrators support this trend making it, in effect, de facto campus policy.
This trend has all the hallmarks of societies that have gone totalitarian.
You can help the Mises Institute publish an exciting new book this spring from one of our Senior Fellows, and it couldn’t be more timely.
Dr. Mark Thornton’s text — titled The Skyscraper Curse — is his definitive work on booms and busts, and it explains why only Austrian economists really understand them. It makes business cycle theory accessible to a whole new 21st-century audience.
And they need it, especially those under 40. Many of the brilliant quants working on Wall Street and at the Fed barely remember the Crash of 2008, much less understand it.
At first I was quick to dismiss the lawsuit by a 20-year old Oregon man against Dick’s Sporting Goods as another attempt at victimization for cheap exposure, but the details are more interesting than at first glance. The suit focuses on Dick’s recent move to ban gun sales to customers under the age of 21, which the plaintiff argues goes against Oregon’s laws on discrimination.
Disagreements among economists are legendary, but they are largely of one mind on the issue of free trade. Evidence of this is a recent survey of the current and past presidents of the American Economic Association—the voice of mainstream economics.
One of the most surprising developments in the wake of February’s Florida school shooting is the willingness by many generally police-friendly commentators to denounce the lack of action by local police against the shooter.
On Thursday March 1, the Trump administration announced plans to impose 25% tariffs on imports of steel and 10% tariffs on imports of aluminum.
The US President is of the view that without the required protection, the US steel and aluminium industries are likely to follow the deteriorating path and this in turn will undermine the US labor market.
The steps announced by the US President raises the likelihood of a global trade war. President Trump seems to believe that war is great and that the US will emerge triumphant.
