Markets
A Monetary Policy Primer, Part 11: Last-Resort Lending
Forget about monetary policy for a moment or two, and imagine, instead, that you’re back in 6th grade. You and your classmates are about to go on a camping trip, involving some strenuous hiking, and lasting several days.
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Law
Jesus in the Constitution?
A liberal friend phoned last week with his analysis of how the presidential race was shaping up. The news that morning was that both John Edwards and Rudy Giuliani had dropped out. “Same old,” he said, referring to the likelihood that our choice in November will be…
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Culture
America’s Colleges: Citadels of Intolerance
There is no compelling reason for either parents or donors to keep shelling out money to colleges and universities where intolerant professors and student activists impose their ideology on academic institutions
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Politics
How Trump Raised Your Taxes
The 2018 tariffs imposed by President Trump on imports from China and other countries had already resulted in the direct transfer of tens of billions of dollars from U.S. businesses to government coffers.
World
End of the Reign of a Cockroach in Iraq
That’s all Saddam Hussein was: the moral and political equivalent of a cockroach. His metaphysical importance was never any more than that, and neither — we now realize — was his military strength. Years of hand wringing and appeasement by…
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Science & Technology
The Kyoto Protocol’s Endless Bureaucracy: The Costly Politics of Global Environmentalism, Part 2 of 4
The KYOTO PROTOCOL is not needed, is not effective in mitigating climate change (even if developing nations were to cooperate), is economically destructive, and therefore politically unacceptable. Yet, it has already spawned a large international bureaucracy —…
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