In the aftermath of an economic and financial challenge that Federal Reserve Chairman Jerome Powell recently likened to Dunkirk, there’s...
[link removed]
[link removed]
May 6, 2021 | Weekly Newsletter

The Fed Board Agrees Never to Disagree ([link removed])
By Judy L. Shelton (Wall Street Journal)
[link removed]
In the aftermath of an economic and financial challenge that Federal Reserve Chairman Jerome Powell recently likened to Dunkirk, there’s a remarkable uniformity of opinion or groupthink on the Federal Reserve Board of Governors. Apparently, they all always agree on the appropriateness of the Fed’s expansionary monetary-policy decisions. And that should cause us all to worry. READ MORE » ([link removed])
FutureEconomic Peril or Prosperity? ([link removed])
Edited by Christopher J. Coyne, Michael C. Munger, Robert M. Whaples
[link removed]
The Bleak Biden Way ([link removed])
By Victor Davis Hanson (American Greatness)
[link removed]
What is the Biden way? To surveil, monitor, root out, raid, jail, confine, and smear all impediments to fundamental transformation. But after a hundred days of President Biden, most Americans are now on to what the next few years will bring. And it will be bleak. Bleak indeed.... READ MORE » ([link removed])
War and the Rogue PresidencyRestoring the Republic after Congressional Failure ([link removed])
By Ivan Eland
[link removed]
Massive School Data Breach Shows We Need Better Privacy Policies ([link removed])
By Williamson M. Evers and Jonathan Hofer (The Hill)
[link removed]
Despite the real threats of large-scale data breaches, California and other states have failed to recognize a definitive right to remedy, or prevent, damages caused by negligent data holders. And that is a problem, since at least 75 percent of all data breach incidents affecting U.S. public K-12 school districts stemmed from lax security measures at third-party vendors. Solutions to this “stupid amount of vulnerability”? For starters, enshrine in law a student’s right to have his data deleted from third-party vendors (the “right to be forgotten”) and allow ordinary persons to bring their own lawsuits against the companies that violate privacy rights. READ MORE » ([link removed])
Really Good SchoolsGlobal Lessons for High-Caliber, Low-Cost Education ([link removed])
By James Tooley
[link removed]
The Good, the Bad, and the Ugly: Purdue, Howard, and the U of Texas ([link removed])
By Richard K. Vedder (Forbes)
[link removed]
Three American universities recently responded to the current zeitgeist. Howard University, the nation’s leading historically black college, just closed down its Classics Department. The University of Texas at Austin just issued a new “Strategic Plan for Faculty Diversity, Equity, and Skills” that ignores the most important diversity of all: the right to speak one’s opinions, no matter how unpopular. But Purdue University, under the leadership of President Mitch Daniels, is imposing a civic literacy requirement on its incoming students. Which one, do you think, offers value for money—and just might help heal the divisions in the country? READ MORE » ([link removed])
Restoring the PromiseHigher Education in America ([link removed])
By Richard K. Vedder
[link removed]
The Senator Nobody Voted for Has a Curious Plan for Joe Biden’s America ([link removed])
By K. Lloyd Billingsley (The Epoch Times)
[link removed]
When Kamala Harris became Vice President of the United States, Gov. Gavin Newsom appointed California Secretary of State Alex Padilla to replace her. And for a man nobody voted for, the privileged Padilla has said some amazingly hostile things about the elections the Framers wanted us to have—such as the Electoral College (not slavery?) is America’s “original sin.” But, not to worry. Senator Padilla has a solution: replace the Electoral College by an imported illegal electorate. Is this what Joe Biden means when he touts California as a model for the nation? READ MORE » ([link removed])
Beyond PoliticsThe Roots of Government Failure (Revised and Updated Edition) ([link removed])
By Randy Simmons
[link removed]
Why Would a 50-Year-Old Want to Join Medicare? ([link removed])
By John C. Goodman (Forbes)
[link removed]
A proposal by Senator Debbie Stabenow (D-MI) and other Senate Democrats would allow persons between the ages of 50 and 64 to buy into Medicare (the Medicare at 50 Act)—and do so for a lot less than actuarially fair premiums. Basically, the act is yet another Big Government give-away. But if that is what the Senate Democrats have in mind, young seniors should make a counteroffer: “Send us the subsidy in the form of a check we can deposit in our bank account and let us stick with the (better) insurance we already have.” READ MORE » ([link removed])
New Way to CareSocial Protections that Put Families First ([link removed])
By John C. Goodman
[link removed]
Latest Videos
[link removed]

[link removed]

The Beacon: New Blog Posts
* Lockdown-Led Big City Exodus: An Economic Boost to Small Towns? ([link removed]) , by Chloe Anagnos
* Fed Chief Says U.S. on Unsustainable Fiscal Path ([link removed]) , by Craig Eyermann
* Progressivism’s Life Cycles ([link removed]) , James A. Montanye

Catalyst: New Articles
* New York’s Indian Point Nuclear Power Plant Closes ([link removed]) , by Paige Lambermont
* Lockdowns ‘Greatest Peacetime Policy Failure’ in History ([link removed]) , by Jon Miltimore
* How Tesla Could Disrupt Ridesharing ([link removed]) , by Scott Beyer


Book Store ([link removed])
Donate ([link removed])
[link removed]
An easy and free way to support Independent is to set us as your designated charity on AmazonSmile ([link removed]) . Then, when you buy something on Amazon, head to smile.amazon.com ([link removed]) and a portion of the purchase price will be donated to Independent at no cost to you.

============================================================
** Facebook ([link removed])
** Twitter ([link removed])
** YouTube ([link removed])
** LinkedIn ([link removed])
** Instagram ([link removed])
** Website ([link removed])
The Lighthouse is made possible by the generous contributions of supporters of the Independent Institute. If you enjoy The Lighthouse, please consider making a ** tax-deductible donation ([link removed])
to the Independent Institute. Click ** here ([link removed])
to unsubscribe.

** Past issues of The Lighthouse ([link removed])
| ** Other Publications ([link removed])

The Lighthouse^®
ISSN 1526-173X | © 2021
Independent Institute
100 Swan Way, Oakland, CA 94621-1428
(510) 632-1366

You received this message because you are subscribed to The Lighthouse.

** Manage Email Preferences ([link removed])