Teaching literature has changed now that the humanities have become a species of what is known as grievance studies, concerned with whether a given author is sexist or racist or classist. This is a cultural shift in education, and not for the better.
Liberalism has many meanings, but I wish to maintain that the most authentic form of liberalism has been concerned above all with two things: the expansion of a free functioning civil society and the restriction of the activity of the state.
Trump haters are concerned that Trump will "stain" the Lincoln Memorial with a speech on Independence Day. But Trump is extremely unlikely to ever match Lincoln's blood-soaked legacy. And that's a good thing.
Given that Fed policymakers are of the view that a decline in the annual growth of prices is bad for the economy they are most likely to embark on very easy monetary policy in near future.
What matters is not price rises as such, but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect." Business cycles and recessions follow.
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