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Why Hayek Rejected Merit-Based Equality
In his Executive Order of January 21, 2025, President Donald Trump fulfilled one of his campaign promises by terminating the Biden administration’s diversity, equity, and inclusion (DEI) policies. He announced a new era of what he called merit-based opportunity (MBO).
Fannie and Freddie are quietly buying up billions in mortgage securities
The GSE have probably been told by the administration to buy up more mortgage debt to give the illusion that there is more demand for real estate than there really is.
Cuba’s much-praised health care system is a disaster.
Cuban hospitals are overwhelmed, pharma drugs are in short supply, and diagnostic tools are in short supply. The Cuban state is pretending nothing is wrong.
Will Kevin Hassett’s Fed-Chair candidacy get derailed?
Hassett was thought to be a done deal, but Trump and his allies are now suggesting that Kevin Warsh is the frontrunner.
How Religious Freedom in America Was Founded on Privatization and Decentralization
A common myth about American history is the one in which a handful of so-called “founding fathers” in the 1780s declared that America would create a “wall of separation” between religious institutions and government institutions. After that, the First Amendment to the US constitution was instrumental in ensuring that religious institutions would be totally separate from American political institutions. Or so the story goes.