Jeffrey Miron and Peter Van Doren From Peter Van Doren: My colleague Jeffrey Miron recently argued that the federal government should not fund research. Here I ask a slightly different question: Are the assets of foundations sufficiently large to replace federal support of university research? In 2023, federal research expenditures
We are bombarded with claims that capitalism causes inequality, yet what it really mean? In truth, in a free market economy, differences in income, even large differences, don‘t mean much since most people have a high standard of living.
Walter Olson No civil rights law on the books requires “viewpoint diversity” in university admissions or hiring or creates a protected class of students or faculty based on ideological views. No law of any sort entitles the federal government to reach into private universities to restructure their
April 2025 Manufacturing Business Outlook Survey: "The index for new orders also fell sharply, from 8.7 in March to -34.2 this month, its lowest reading since April 2020."
It’s going to take a lot more than some trimming around the edges to change the federal government’s current trajectory into continued $2-trillion-plus annual deficits.
Economist Robert Higgs described the "ratchet effect" in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.
Economist Robert Higgs described the "ratchet effect" in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.
Trump demands more easy money and lower interest rates. Powell isn't dovish enough for Trump.
