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In April, a group launched a lawsuit against the school, insisting that Harvard University release hidden information regarding its admissions. The organization leading the lawsuit is Students for Fair Admissions, which is comprised of Asian-American students who applied to get into Harvard and were rejected. The group says it believes the school is guilty of
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Every so often, the issue of grade inflation makes the headlines, and we are reminded that grades are being debased continuously. That happened in late March when the two academics who have most assiduously studied grade inflation—Stuart Rojstaczer and Christopher Healy—provided fresh evidence on their site GradeInflation.com that grade inflation continues. The authors state, “After 30 years of making
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In Basic Economics, Thomas Sowell wrote that prices are what tie together the vast network of economic activity among people who are too vastly scattered to know each other. Prices are the regulators of the free market. An object’s value in the free market is not how much it costs to produce, but rather how
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The list is short of politicians who are economically literate. Until recently, I was unaware of Pierre Poilievre, a member of the Canadian Parliament. In a speech to the House of Commons, Poilievre demonstrated his economic literacy as he explained how government steals from the working poor and middle class to help the politically-connected wealthy.
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“Those who cannot remember the past are condemned to repeat it,” declared philosopher George Santayana. The U.S. ”health care cost crisis” didn’t start until 1965. The government increased demand with the passage of Medicare and Medicaid while restricting the supply of doctors and hospitals. Health care prices responded at twice the rate of inflation (Figure
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Note: Last week I asked why conservative Christian outlets are increasingly promoting socialist ideas and policies. My friend Jake Meador weighed in to help provide some perspective on this trend. Jake himself is the editor of an online Christian magazine—Mere Orthodoxy—that would be described as traditionalist conservative. While he is not a socialist, he admits he
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