Macroeconomics is not a science and suffers from many unintended and unexpected consequences. The Fed cannot be sure of what the results of its current theories and its remarkable forays into uncharted territory will be. It cannot know what the right level of interest rates is. It cannot be sure of what the results of its own actions will be. No wonder it engages in the melodrama which continues to keep our financial journalists so busy. But it all reflects the underlying mistaken belief that we should have a national price fixing committee in the first place.
The United States has no strategy against ISIS, and the tactics being pursued by the Obama administration are failing.
There are many reasons the non-politicians — Trump, Ben Carson, and Carly Fiorina — are doing so well, but near the top is the fact that they haven’t internalized the language of political consultants and pundits.
If Mexico is going to take its place as a prosperous country in a globalized world, it will have to invest both political capital and money to build a criminal justice system that will apply the rule of law against violence and corruption.
Is Prime Minister Narendra Modi failing the Indian right?
It’s been just over a year since I joined an emerging tech company in Silicon Valley (current headcount about 45), and this seems like a good time to share some initial impressions.
Nearly all Republican presidential hopefuls have raised valid concerns over the Common Core standards. Common Core’s supposed ‘high standards’ for k-12 reading and math learning have been ineffectually implemented thus far and have sparked debate over their effectiveness.
The Air Force needs anywhere from 375 to 450 F-22s to sustain the kinds of global patrolling required for a serious deterrent posture, many more than the current 185 plane inventory.
While a year of pre-K can be helpful for many children, too often focus gets diverted from improving early learning for disadvantaged young children to promoting universal pre-K for all four-year-olds.
AEI Director of Education Policy Studies Rick Hess discusses GOP candidates and their criticisms of the Common Core.