A glimpse at what lies ahead for the Trump administration.

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November 20, 2024

Welcome to The Lighthouse ([link removed]) , the weekly email newsletter of the Independent Institute covering politics, economics, current events, and everything in between.

Dear Readers,

Two weeks after the 2024 election, we are beginning to see glimpses of the new administration, including Donald Trump's cabinet selections. President Graham Walker interviews Senior Fellow Judy Shelton on inflation's future (or lack thereof?) in the latest episode of Independent Conversations. We also analyze what went wrong with polling predictions, explore potential conflicts between Trump’s policies and Federal Reserve Chair Jerome Powell’s strategies, and consider future urban policy under the new administration. And for those of you who are tired of hearing about the election, Scott Atlas returns for the second episode of a two-part series with investigative journalist and bestselling author Michael Shellenberger. They discuss how government and intelligence agencies collude with Big Tech to censor Americans.

Happy reading!

Jonathan Hofer
Managing Editor

Top picks this week
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** Judy Shelton: Money and Inflation in the New Trump Era ([link removed])
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Is the upcoming new presidential era finally our opportunity to slay the beast of inflation, shrink federal spending, and stabilize the value of our currency? President Graham Walker invites Judy Shelton, Senior Fellow and author of Good as Gold: How to Unleash the Power of Sound Money, to weigh in on this episode of Independent Conversations.
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** Missed the Mark: Why Pollsters Misjudged the 2024 Election Part 2 ([link removed])
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** by William F. Shughart II
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The Electoral College is an essential part of the U.S. constitutional republic, not a flaw. It was established in 1787 to prevent the "tyranny of the majority," which the Founders were rightfully concerned about. (Read Part 1 here.) ([link removed])
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** Monetary Policy: Donald Trump Versus Jerome Powell? ([link removed])
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** by Randall G. Holcombe
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President-elect Trump has previously disagreed with Federal Reserve Chair Jerome Powell on monetary policy, favoring lower interest rates. However, Powell, who operates independently of the presidency, has stated he would not step down if asked by Trump.
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** Wealth Redistribution is a Hidden Property Right Infringement ([link removed])
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** by Allen Gindler
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Framing wealth redistribution as a solution to economic inequality promotes a narrative of entitlement and resentment. It shifts the focus from fostering growth and innovation to redistributing others' achievements.
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** How U.S. Urban Policy Will Look Under Trump ([link removed])
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** For lovers of liberty, the administration looks mostly promising. ([link removed])
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** by Scott Beyer
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Whether it’s public health, education, or more, Trump intuitively understands that decision-making power should be decentralized to states and cities. That will be a win for cities, which for too long have been victims of federal overreach.
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** Michael Shellenberger: Exposing The Deep State | Ep. 38 | PART 2/2 ([link removed])
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In the second part of this two-part series for The Independent with Scott Atlas, Scott welcomes back Michael Shellenberger, bestselling author of San Fransicko: Why Progressives Ruin Cities and Apocalypse Never: Why Environmental Alarmism Hurts Us All.
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** FEATURED BOOK
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** Good as Gold ([link removed])
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** How to Unleash the Power of Sound Money ([link removed])
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** Judy Shelton
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With clarity and moral courage, Judy Shelton has written a must-read for anyone invested in the future of the economy. You’ll walk away with more answers than questions—a rare experience for anyone who reads about monetary policy.
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