What the incoming administration means for freedom and prosperity.

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December 11, 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,

President-elect Donald Trump’s cabinet nominations are in the spotlight. The question is, what will his administration’s choices will mean for policy and governance?

As history has shown, true progress often comes not from government action but from market-driven solutions. This week, Raymond March and Brady Leonard focus on the importance of trusting the market over political appointees and raise concerns about Pam Bondi’s Second Amendment record. Craig Eyermann examines the alarming pace of national debt growth, and Johnny Kampis takes a look at how private investment, not government spending, is bridging the digital divide.

Happy reading!

Jonathan Hofer
Managing Editor

Top picks this week
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** Don’t Trust the Cabinet, Trust the Market ([link removed])
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** by Raymond J. March
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Donald Trump will be President again, and the shock and novelty of who he nominates for his cabinet will wear off. When it does, let’s hope they all remember their greatest chance of success is to empower the market, not themselves.
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** Pam Bondi’s Troubling Second Amendment Record ([link removed])
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** The incoming Attorney General has a checkered past on gun rights. ([link removed])
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** by Brady Leonard
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Hours after Gaetz withdrew his name from consideration, likely due to a lack of Republican support in the Senate, Trump nominated former Florida Attorney General Pam Bondi to lead the Department of Justice. Unfortunately, Bondi has a less than stellar history on guns.
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** National Debt Passes Grim New Milestone ([link removed])
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** by Craig Eyermann
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Clearly, the politicians and bureaucrats running the federal government aren’t paying any attention to the national debt milestones they’re passing. That’s bad news for everyone.
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** Private Investment, Not Government Spending, Is Closing the Digital Divide ([link removed])
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** Record spending by broadband providers is closing the digital divide far more efficiently than government-led initiatives.
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** by Johnny Kampis
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A USTelecom report shows that private broadband providers continue to push investment and innovation in the marketplace. Taxpayer funds should merely supplement this, not be the main driver.
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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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