Monday , October 22 2018
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Tag Archives: Education

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The great Steve Davies explains that multiethnic societies can be stable, peaceful, and prosperous. Here’s Steve’s conclusion: The great majority must hold fast to a humane position, in personal relations or speech, and organizing among themselves, to counteract the rise of politicized bigotry in all its forms. This is not easy but the cost of not doing it can be very high. My intrepid Mercatus Center colleague Veronique de Rugy makes the case against government-provided paid parental...

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My intrepid Mercatus Center colleague Veronique de Rugy and her co-author Justin Leventhal show that the great geyser of cronyism that is the U.S. Export-Import Bank is still justly called “Boeing’s Bank.” Also from Veronique is this essay on the persistence of government failures. A slice: Since this trade war started, not only has no country lowered its tariffs as a result of the administration’s pressure, but many tariffs have actually gone up. Prices are up, too. Washing machine...

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My GMU Econ colleague Bryan Caplan eloquently explains and defends the culture of GMU bloggers. Colin Grabow reports on yet another Jones Act absurdity. Chloe Anagnos celebrates the private-sector’s beautiful response to natural disasters. Nick Gillespie rightly decries the partisan hackery now on display in the through-the-looking-glass episode that is now the saga of Brett Kavanaugh and his accuser. George Will is also – and also rightly – critical of the now hyper-politicization of...

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George Selgin clearly explains the controversy over TNB. America has an imperfect record of resisting homegrown tyrants. George Leef writes of business schools being invaded by “social justice” teachings. Richard Ebeling is correct: macroeconomic aggregates hide more than they reveal. Joe Carter adds his clear voice to those who lament how hurricanes stir up the broken-window fallacy. And read also Rick Newman. Speaking of natural disasters, here’s Dan Mitchell’s guide to everything you...

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My intrepid Mercatus Center colleague Veronique de Rugy applauds universal savings accounts. George will rightly laments the cult of fragility on today’s college campuses. A slice: Explicit racism having been substantially reduced in American society, a multibillion-dollar industry for consultants (and corporate diversity officers, academic deans, etc.: UCLA’s vice chancellor for equity, diversity and inclusion earns more than $400,000) has developed around testing to detect “implicit...

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My intrepid Mercatus Center colleague Veronique de Rugy is rightly outraged by that great geyser of cronyism, the U.S. Export-Import Bank. A slice: The fact that U.S. exports didn’t collapse as Ex-Im lost much of its power does not surprise most economists. Economists know that while export subsidies can boost the bottom-line of a few particular firms or industries, these subsidies also have a negative impact of the overall economy, mostly by shifting capital away from nonsubsidized...

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Jim Dorn rightly warns that the national-security card is too easily played to obstruct trade in order to enable special-interest groups to seize unearned riches. My GMU Econ and Mercatus Center colleague Pete Boettke reviews Pierre Lemieux’s new book, What’s Wrong With Protectionism? George Will applauds Education secretary Betsy DeVos’s efforts to diminish Uncle Sam’s role in fueling insanity on American college campuses. Dan Mitchell explains that value-added taxes are money machines...

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Calling people on the political left “liberal” only strengthens the political left. Thomas Firey assesses the Trump administration’s first 500 days. A slice (which prompts me to note this irony: the deficit about which Trump & Co. incessantly screech and warn – the so-called “trade deficit” – is neither really a deficit nor a problem, while the deficit that is both real and really a problem – the actual U.S. government budget deficit – barely registers a peep of a complaint from this...

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Quotation of the Day…

… is from pages 176-177 the 1987 Liberty Fund edition of the Correspondence of Adam Smith; specifically, it’s from Smith’s September 20th, 1774, letter to Dr. William Cullen: A degree can pretend to give security for nothing but the science of the graduate; and even or that it can give but a very slender security. For his good sense and discretion, qualities not discoverable by an academical examination, it can give no security at all. DBx: In this letter Smith focused on degrees in...

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Parents Feeling the Student Loan Squeeze

Total household debt climbed to a record $13 trillion in 2017. One factor driving overall American indebtedness higher is the ever-increasing burden of student loans.A recent article in the focused on three charts that illustrate the ever-increasing toll of the student loan bubble – and it’s not just impacting students. Parents are increasingly feeling the squeeze.According to the latest data,  student loan debt stands at a staggering $1.4 trillion, owed by some 44.2 million borrowers....

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