Subsidizing Higher Education Is Not Creating Widespread External Benefits

Gentlemen cry peace, peace. But there is no peace. The war has barely begun. Though its position is untenable, the empire cannot slink away now. As things stand, Iran et al. have won an overwhelming strategic victory. One that cannot be undone. And everyone that matters in the world knows this to be true. That […]

California Schools Try Rap While Scores Keep Falling Authored by David Manney via PJ Media, California's education system continues to search for answers while student performance struggles to recover. In one case, the Merced City School District approved a contract worth about $270,000 to bring a rap-based curriculum into classrooms, even as academic performance remains weak. AP Photo/Rich Pedroncelli, file The district serves over 11,000 students, yet only 13% meet math proficiency standards. The program includes a summer “Rap Camp” and specialized programming tied to cultural themes, all framed to boost student engagement. The...

Fed Independence Is Sacred... Or So We've Been Told Authored by Richard Roberts via RealClearMarkets.com, For the better part of a year, many had become convinced that the Federal Reserve's independence was in its final days. The narrative rested on two prongs. First, an FOMC browbeaten by relentless public attacks, threats of removal, and a Justice Department criminal probe into Chair Jerome Powell. The pressure, many argued, had grown so intense that Fed decisions would no longer be trusted to reflect economics rather than politics. Second, a new chair expected to arrive in May...