Page 22 - Gary Becker News Today

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The Covid-19 pandemic has caused worldwide economic devastation. In the EU and the United States, many early emergency measures sought to address the shortcomings and disorganization of health care systems. Other policy measures were textbook demand-management and liquidity-provision programs, not unlike those adopted during the 2008-2009 global financial crisis. While many economists called attention on the supply-side impact of a pandemic-driven economic crisis, policy measures implemented in...

America’s Stalinist Universities In a recent article on LewRockwell.com entitled “Imposing the Steal: America’s Great Struggle Session,” Vasko Kohlmayer explained how a tool of twentieth-century totalitarians was “public humiliation and torment” of those with “wrong thinking.”  The targeted individuals were compelled to confess their wrongdoing, apologize to society, and repent for the error of their thinking. The reason for this is that “To totalitarians truth is as the cros...

Allison Shertzer, Randall Walsh The legacy of Jim Crow continues to this day. Contemporary historians, such as Chernow (2017), have cast off the traditional depiction of the ‘carpetbagger era’ and have documented the official and unofficial repression of African Americans in the post-Civil War period. Economic research, such as Lisa Cook’s (2014) study of the dearth of patents for African American inventors, has shown how Blacks and whites have been harmed by the aftereffects of Jim Crow....

Family Ties We’re still living with the punitive politics of family values. A broader, universal vision can break its vise grip. A "Save the Children" rally outside the Capitol building on August 22, 2020 in St Paul, Minnesota (Stephen Maturen/Getty Images) Given Donald Trump’s multiple marriages, penchant for infidelity, and alleged sexual misconduct, many commentators saw his presidency as a departure from the Republican Party’s investment in ...

The Rise Of Human Capital Theory If there was an award for the most pernicious scientific idea ever, what theory should get first prize? I would vote for eugenics, a theory that claims we can improve humanity through selective breeding. If there was a second prize, Id give it to human capital theory. I think of human capital theory as eugenics light. It purges the idea that abilities are innate (and that we should selectively breed the fit). But human capital theory keeps the Nietzschean idea ...

Vanguard News Next year in Jerusalem Can you prove the existence of God?” Bismarck was supposed to have replied: “ The Jews, your majesty. The Jews.”   The return of the Jews to the Land of Promise after 2000 years of dispersal is a miracle of our times. Hebrew, a virtually dead language, has been resuscitated. It is the national lingua franca. The Jewish genius has continued to astonish the world. Nearly 70 percent of all science Nobel laureates are Jewish. They include such legendary n...

Share The German Kaiser once asked his Chancellor, Otto Von Bismarck:“Can you prove the existence of God?”Bismarck was supposed to have replied: “The Jews, your majesty. The Jews.”The return of the Jews to the Land of Promise after 2000 years of dispersal is a miracle of our times. Hebrew, a virtually dead language, has been resuscitated. It is the national lingua franca. The Jewish genius has continued to astonish the world. Nearly 70 percent of all science Nobel laureates are Jewish. ...

Friday, Jan 22, 2021 When I first considered myself a socialist revolutionary in 1970, I was hounded by free marketers’ challenge: “name me one country where socialism works”. These market fundamentalists would then hold up the most strident expectations for socialism: Everyone is exactly equal with no classes. There is an abundance of goods which are conveniently circulated. Political rule is not dictatorial. All competition is banished. People are working togethe...

Commentary This is not an exercise in hindsight—discussing what we could or should have done differently in 2020—but ...