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August 9, 2023
The AI Apocalypse Can Wait
The rise of artificial intelligence (AI) has ignited fears about its potential to disrupt the labor market. There has been no shortage of predictions of huge impacts AI will have on the future of work—especially for workers with higher levels of education—fueling both anxiety and the risk of overzealous regulation. A recent report from the Organisation for Economic Co-operation and Development…
August 8, 2023
Bad Hoosiers
A new book tells a strange tale of political extremism in the Midwest. “Why Hitler?” has probably absorbed more research energy, by an exponential factor, than any other historical question of the last 100 years. The immense, totalizing, and catastrophic evil of Germany’s National Socialist Workers Party easily justifies the investment. In most analyses, Hitler’s…
August 7, 2023
Union Square Melee Proves Riots Have Little to Do with Real Political Grievances
The most revealing thing about Friday’s Union Square pop-up riot is that as police dispersed the mob, members started chanting, “Black Lives Matter.” Make no mistake: This was not a protest on the part of teenagers drawn to 14th Street by Kai Cenat, an online “influencer” with millions of followers, including thousands eager for free PlayStations he used…
August 7, 2023
The Right Way to Fix Public Broadcasting
The kabuki theater of Washington budgeting has again featured the lightning-rod issue of public broadcasting. Last month, a House Commerce subcommittee voted to zero-out funding for the Corporation for Public Broadcasting (CPB), whose funds go to NPR and PBS; just six days later, its Senate counterpart voted to maintain the funding. Both critics and defenders of the system will…
August 5, 2023
Rent Control ‘Shabbifying’ NY’s Housing As Owners Feel the Squeeze
Perhaps cowed by tenant protests, the Rent Guidelines Board has backed off rent increases of as much as 16% (for two-year leases) for the city’s 900,000-plus rent-regulated apartments. That property owners should be limited to modest hikes (2.5% for one-year leases), even as their costs of fuel, taxes and repairs go up, ignores the fact that inflation…
August 4, 2023
The Racial Wealth Gap: Myths and Realities
The racial wealth gap has become a central component of claims of systemic racism and one of the core justifications for reparations. The main focus has been on housing market dynamics. Supreme Court Justice Jackson made reference to the racial bias of 1940s federal housing policies in her dissent on the college affirmative action case….
August 3, 2023
Philanthropists Discover the Value of “Sunsetting”
This year, the William E. Simon Foundation is closing its doors, or “sunsetting,” in the parlance of modern philanthropy. Since it was founded in 1967 by former Treasury Secretary William E. Simon and his wife Carol, the foundation has given away almost $300 million to the causes that mattered to them—faith, family and education. It…
August 3, 2023
Another Pandemic Legacy: Removing the EITC’s Work and Earnings Requirement
Since its origin in the 1970s, the Earned Income Tax Credit (EITC) has been the premier federal program promoting and rewarding work by low-income adults. As displayed below, taxpayers have devoted rapidly growing resources to the EITC since the 1980s. Overall, between 1975 and 2022, the EITC cost taxpayers a total of $1.8 trillion, which…
August 3, 2023
Fight Crime, and Poverty, with Civil Society
Maryland’s new Democratic governor, Wes Moore, has to play to his party’s increasingly left-wing base, but he also knows that problem No. 1 in much of the state is rising crime. Prince George’s County, in particular, has a much higher crime rate than the national average, and crime has been rising since the COVID lockdowns, which were extraordinarily…