Writing at The Independent Review, Senior Fellow George Gilder diagnoses the central problem with Wall Street and big banks today, which he calls “the chaos of floating currencies.” Banks used to help companies of all sectors and sizes, but the new Wall Street favors regulatory overreach, costly litigation, and financial volatility that paralyze Main Street and Silicon Valley. The transformation of American banking and finance arose from a regime of excessive financial regulation, which in turn has roots in the government’s manipulation of money. Continue reading The New Wall Street and the High Cost of Manipulating Money.
On April 5th, Steve Forbes, Chairman & Editor-In-Chief of Forbes Media, and Discovery Institute co-founder George Gilder were in Seattle to discuss some of the biggest issues facing today’s economy. Their discussion covered a wide range of pertinent topics–including trade, technological shifts, increased regulatory and tax burdens, and monetary uncertainty. Visit our YouTube channel to watch our taping of Charting a New Course: How New Ideas on Trade & Money Can Revive the U.S. Economy..
Executive Orders provide temporary relief, but long term structural change is needed for the U.S. to free itself from the regulatory leviathan and permanently limit federal bureaucracies and their army of unaccountable regulators.
Start with two statutory safeguards: 1) Congressional legislation that requires the delivery of $2 of regulatory cost reduction for every one dollar of new regulatory cost increase; and 2) Periodic Congressional reauthorization of regulations affecting industries and the economy — with sunset provisions for those not reauthorized.
Writing at The Hill, Senior Fellow Jay Richards argues that President Trump should move to abolish the Consumer Financial Protection Bureau. The CFPB, a government agency created in 2011, was sold to the public as a fix to the causes of the 2008 financial crisis–but, in practice, is characterized by overreaching regulation with an unprecedented lack of oversight or accountability. Read Jay Richards’ article at The Hill.
Discovery Institute co-founder and Senior Fellow George Gilder writes at The Federalist: World trade in goods and services has morphed into a gigantic manipulative carnival of currency trading. This needs to change.
Folks, we have a consensus here. Formidable thinkers such as Paul Krugman, Larry Summers, and David Stockman, some 370 economists including 19 Nobel Laureates, and editors at the Economist, Fortune, and Barron’s all believe that Donald Trump as president is a menace to world trade and prosperity. Read More ›
Editor’s note: Last November, we were in the nation’s capital to mark the anniversary of the founding of Discovery Institute. Co-founder George Gilder delivered these remarks at the Ritz-Carlton, McLean, VA.
I helped Bruce Chapman form Discovery Institute some 25 years ago and over that period, if I may use the term, it has evolved.
Bruce and I believe that this evolution expresses an intelligent design, a unified vision that transcends the various programs at Discovery Institute. We do not only believe in intelligent design in the universe; we believe such a design manifests itself across the sciences and pervades economics and culture. Read More ›
Writing at First Things, Senior Fellow Wesley J. Smith discusses the alarming first case of child euthanasia in Belgium. Belgium is the only country to have legalized physician-assisted suicide for children of any age. Read more from Wesley J. Smith at First Things.
At the 3rd Annual Chapman Center for Citizen Leadership Benefit Luncheon, Congresswoman Cathy McMorris Rodgers reflects on her 20+ years of public service and political leadership, and shares the important lessons she’s learned along the way, as well as her vision and optimism for the future of our country. Read More ›