Thomas Sowell concluded that “A vastly expanded welfare state in the 1960s destroyed the black family, which had survived centuries of slavery and generations of racial oppression.”
It is sad that the contemporary American university has sunk so low from the heights of medieval Oxford, Cambridge, Paris, and Salamanca. Fortunately, private alternatives are still available.
The mother of all monetary stimuli could turn out to be worse than a dud—a catalyst to a slide into further recession just as the supply shock of pandemic recedes.
While the Left believes itself to be the friend of the downtrodden, the fact is that the Left supports policies that hinder countless Americans of all backgrounds in attaining economic success for themselves and their families.
The most important insight of the Fed's move to increase its inflation target is this: central banks don't much like to follow "rules." They make the rules.
Although governments continue to insist "it's for the children," we should never go back to the dark ages of privacy before easy-to-use encryption. Nor should we allow a "back door" for governments to access our data.
