By Patrick Barron What almost everyone calls “inflation” is really a rise in the general price level. OK. But the real definition of “inflation” is inflation of the money supply. A rise in the general price level is a consequence of inflation of the money supply. Technically, the price level is determined by supply and demand, one of economic science’s […]
The splintering of our culture — in art, religion, entertainment and so many other ways — demands a pluralism that allows various factions to co-exist. With the culture wars very much active in education, we shouldn’t expect it to work out any other way. An approach that allows families to choose the best option for them is our best bet.