Christian Baaki
@christianbaaki
Christian Baaki
@christianbaaki
... See moreThe original Trump tax cut and spending expansion pushed up the deficit at a time when the economy did not need a stimulus. The deficit then surged with the first COVID relief bill, but that made sense given the impact of the economic shutdown. By contrast, massive additional stimulus under Biden, when the economy was already rapidly recovering, wa
... See moreSo, why claim that Keynesian economics is immoral? It is because Keynesians economists claim that by creating new money and increasing spending, the government can create new wealth that will spur economic growth. That is a lie, period. As Murray Rothbard has noted, new money creation and borrowing and spending simply transfers wealth from those wh
The child credit is income redistribution that does nothing to change incentives to work or invest.
... See moreWe align with Berens' second hypothesis: teachers assign writing tasks but fail to incentivize or provide opportunities for students to write often and well… Writing strengthens memory, attention, reasoning, and understanding across all subjects. Learning to write in the early grades is not just about grammar; it's about learning to organize though
... See moreAs of February this year, per-pupil spending in the United States averaged $20,387. Perhaps the issue is more accurately described as a misallocation of funds. A disproportionate amount is spent on activities, services, and staffing priorities unrelated to instruction—transportation, school meals, social and mental health services, and social-emoti
The response by the government to the 2008 financial crisis and the COVID pandemic resulted in huge wealth transfers to the richest in society… interest rates being lowered to almost zero caused the wealthiest to borrow money to buy up all the assets in society and take wealth from the poorest.
... See moreThe empathy for and interest in protecting the powerless and a ruthless pursuit of opportunity for all, no matter of high or low birth, that once defined a righteous and productive political movement has been set aside in favor of a performative politics—whose most zealous adherents are often more interested in signaling membership in a caste—that
This breed of company will never spring from the mind of a committee; it would never have been permitted to endure in its current form, with thousands of employees organizing themselves around problems at hand, if we had submitted to the conventional managerial model in American corporate life.
... See moreMany students no longer arrive at college—even at highly selective, elite colleges—prepared to read books.
…the student told Dames that, at her public high school, she had never been required to read an entire book. She had been assigned excerpts, poetry, and news articles, but not a single book cover to cover.
The anecdote helped explain the change