Back in December, a county treasurer buddy of mine informed me of a “dead period” when campaign donors cannot give to state legislators since they’re about to go into session. It’d therefore be more likely that they could give to candidates for local office.
If the donors have business before the legislature (or a local body) though, how proper is it that they give at all? That question popped to mind after perusing local campaign finance reports.
Adam Smith published The Wealth of Nations in 1776, at the beginning of the Industrial Revolution. The book was the result of twenty years of observation of human action and identification of the mechanisms and processes that lead to economic efficiency and to our well-being.
Everyone is blaming Jerome Powell for something these days, like the stock market selloff that followed the Fed Chair’s testimony to Congress this week. But do these critiques suffer from a lack of depth? On Wednesday, Fortune published an article showing how mainstream academics view the Fed. Various quotes foreshadow what the general public is up against, starting with the headline:
Nineteen current and emeritus members of the George Mason University economics department have taken a heroic stand against the attempt by Leftist faculty members and administrators to undermine American academia’s long-standing commitment to academic freedom and intellectual merit. Their Statement of Commitment to Academic Freedom and to Intellectual Merit forthrightly rejects the diversity, equity, and inclusion agenda of the Left and unabashedly upholds academ
