July 2022 Archives


Self-identified liberals outnumber conservatives among Harvard faculty by 82-1.

More than 80 percent of Harvard faculty respondents characterized their political leanings as "liberal" or "very liberal," according to The Crimson's annual survey of the Faculty of Arts and Sciences in April.

A little over 37 percent of faculty respondents identified as "very liberal"-- a nearly 8 percent jump from last year. Only 1 percent of respondents stated they are "conservative," and no respondents identified as "very conservative."

Academics usually explain this uniformity by asserting that liberals are smarter than conservatives and thus better suited for faculty positions in higher education -- particularly in self-identified elite universities. This explanation is relatively simple to assess by considering whether or not these same academics would entertain a similar explanation for a lack of sex or racial diversity in other institutions, such as corporate leadership or government. If one were to claim that "there are more male CEOs because men are smarter than women" that claim would be rightly dismissed.

(HT: Campus Reform and Instapundit.)

Ross Douthat says that this fact is the heart of the abortion issue, and I agree. Our tolerance, acceptance, and promotion of at-will abortion is a shame and humiliation for our generation and civilization. Our descendants will look back on this era with horror and disgust, much like we view slavery and the Holocaust. They will ask, how could any people kill a million of their own children every year? How did they talk themselves into accepting the slaughter of the weakest and most vulnerable among them? How did they dehumanize the unborn, to be exterminated like insect infestations?

As is often the case, the solution to abortion -- and the general mistreatment of children and other vulnerable people -- won't be found in laws or courts. The solution is for each of us to honor the divine spark in each other. To recognize that we are each made in God's image, and each uniquely valuable because of that likeness.

Deuteronomy 27:19 -- 'Cursed be anyone who perverts the justice due to the sojourner, the fatherless, and the widow.' And all the people shall say, 'Amen.'

Exodus 22:22 -- You shall not mistreat any widow or fatherless child. If you do mistreat them, and they cry out to me, I will surely hear their cry.

Psalm 68:5 -- Father of the fatherless and protector of widows is God in his holy habitation.

Many people I talk to are eager for "prices to get back to normal", but that's not how inflation works. Medora Lee does a good job reminding us of that.

When talking about inflation, it's important to remember that inflation is a rate that measures how fast prices are rising. If the consumer inflation rate drops from its 40-year high of 8.6% in May, prices are still rising - just not as fast.

Consumers won't feel immediate relief even as the inflation rate slows because many of those elevated prices are likely here to stay, said Michael Ashton, managing principal at Enduring Investments in Morristown, NJ.

"The price level has permanently changed," said Ashton. "Until your wages catch up (to inflation), it will continue to hurt."

Even when inflation returns to target 2% levels, prices won't return to "normal" 2019 levels. Prices will continue to grow, but at a slower and more predictable rate.

"Once core prices go up, generally they don't come down," Roussanov said. "In the last 40 to 50 years, we've never seen deflation in core goods. Most durable goods and services don't really come down in price."

And deflation is more dangerous than inflation because it can lead to a total economic collapse. When people believe that their money will buy more in a year than it will now, they stop consuming and just wait.

Additionally, modest, predictable inflation is seen as a sign of a growing economy. It incentivizes people to spend money now rather than waiting, allows wages to increase either in line or above inflation to boost the standard of living and makes it easier for businesses to plan, according to the Federal Reserve and IMF.

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