The country faces over a trillion dollars of student loans that in many cases will not be repaid because the millennials who took them on cannot do so. In Indiana, President Mitch Daniels of Purdue has shown how to hold the line on tuition by cutting costs. In Washington State, the GOP Senate was able to get a 20 percent tuition reduction — rather than increased loans — through the Legislature and to gain the governor’s signature. In any bureaucracy it always seems impossible to cut costs rather than increase expenses — until you have to. Universities have to now, even though there will be protests. There especially is no excuse for high endowment private institutions and state universities that Read More ›
George Gilder states that free market icon Milton Friedman’s quantity theory of money “has been proven wrong,” arguing that a stable dollar as essential to a prosperous economy. Read More ›
Discovery Institute Senior Fellow Scott Powell has a piece out today about the rise of sanctuary cities and the Obama administration’s EO on immigration. Read it at Investor’s Business Daily.
The works of Thomas Aquinas are marshaled by some Catholic scholars in defense of theistic evolution, the idea that Darwinian evolution can be reconciled to Christian faith. In a new paper, Fr. Michael Chabarek makes the case that the great medieval scholar and “doctor of the Church” cannot be put to this purpose without contorting his views. Fr. Chabarek, a Phd. In theology from Poland and a Dominican priest, follows the same style as Aquinas in giving the best arguments for reconciling Christianity with Darwinian evolution, and then in refuting those arguments.
It is hard to know whether the current US Administration would really like to see the Maduro government in Venezuela fail. With the acknowledgment of an inflation rate of 64 percent and with supermarkets frequently looted for scarce food, and the beer workers on strike (beer is the drink of choice in Venezuela and much of Latin America), the government is letting off steam by calling a parliamentary election for December 6. One would like to think the the Obama Administration would be rooting for change. Maybe it does, but the evidence is not obvious.
Does an election in a few months offer hope for the masses who are suffering? Or does the Cuba-dominated regime have plans to rig the election? By now, it is probable that even the Chavista base of poor people are turning against the regime. After all, without high oil prices, Venezuela has little to sell and socialism doesn’t work domestically. For the elites, there is little left to steal. Read More ›
Washington State Republicans control only one house of the state legislature — the Senate. Yet this year they used skillful politics and diplomacy to get a new state budget that does not raise major taxes (a separate budget does raise the gas tax to pay for roads and bridges). It lives within the revenues of the current economy — and it cuts tuition for debt-burdened college students by some 20 percent. That is a milestone in education reform nationally and a tremendous boost for young people. Read More ›
Discovery Senior Fellow George Gilder’s recent monograph on gold and the economy, commissioned by the American Principles Project, continues to attract curiosity and praise, especially in light of the debt crises in places like Greece, China—and the USA one day. At Forbes, Ralph Benko praises Gilder’s monograph and traces the gold standard from its inception—crediting both Sir Isaac Newton and Nicolas Copernicus—to modern-day, writing that “Gilder reveals anew the gold standard’s deep scientific foundation.” This week, George Gilder will keynote the Innovation Summit in Silicon Valley, followed by several talks at Freedom Fest in Las Vegas, then the Money Show in San Francisco. There will be media following all of them. While at Freedom Fest, Gilder also will be involved Read More ›
Senior Fellow Jay Richards has found a good new writer for The Stream, and this one has a good take on Sen. Rand Paul’s idea of getting the government out of marriage.
It is easy to get distracted by all the forebodings in the news today, so I want to offer Discovery Institute friends a “read” that will re-inspire you and also assert some of the personality and philosophy that I hope animates this organization and its fellows. It should encourage a different version of Independence Day enthusiasm as it is quintessentially American.
My Uncle Berlin B. Chapman was raised literally a hundred years ago in the hills of West Virginia, put himself through college and Harvard Graduate School (Phd.), and taught history the rest of his life in Oklahoma–producing some of that region’s first histories. He once told me that in his opinion “the greatest commencement address” ever made was “Acres of Diamonds,” by Baptist preacher and Temple University President Russell Conwell. I asked Uncle Berlin for the gist of it–that the opportunities in life are found in one’s own backyard–and was more or less satisfied with that truism. But I finally got around to reading a version of the address itself today because I wanted to recommend it to a young political friend of mine. Read More ›
The Obama Administration is frustrated that the kids getting government financed school lunches are not eating them. Huge piles of uneaten foodstuffs are being thrown out daily. Worse, a Congressional Committee has learned that there is black market among the kids for salt and pepper, since Michelle Obama is trying to keep these dangerous chemicals out of the food our youth consume. The situation has grown so bad that some parents are sending their kids to school with their own lunches. That of course should be prohibited and the contraband seized as evidence by the Justice Department. Other parents–even poor ones!–are taking their kids out of school and feeding them lunch at home. Why, that’s almost un-American. Kids eating lunch Read More ›