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The Lighthouse Weekly: October 18, 2022 The Fed’s Not-So-Invisible Hand | PayPal’s War on Liberty | Social Media Octopus

October 18, 2022  •  Weekly Newsletter
The Not-So-Invisible Hand: Central Banks

Judy L. Shelton (Wall Street Journal)

Socialism or free-markets—which leads to better economic outcomes? Politicians differ on this question, but none of them has the power to create money with no questions asked or manipulate the cost of capital. The central bankers are in charge. And that should change. READ MORE »

Boom and Bust Banking

The Causes and Cures of the Great Recession

Edited by David Beckworth

The PayPal Fiasco Was No Accident

Jeffrey Tucker (Epoch Times)

PayPal recently sent out an update to its acceptable use policy (AUP) that included the right to confiscate $2,500 from a person’s accounts if he spreads “misinformation.” In this new age of brutalism, the technologies supposed to prevent it are now being deployed to usher it in and entrench it. What’s next? READ MORE »

The Tentacles of the Social Media Octopus

Victor Davis Hanson (American Greatness)

A shared theme in all dystopian totalitarian regimes (think China, Iran, North Korea)? Government control of all media information, fueled by electronic surveillance. But in the land that ratified the First Amendment, the government seems to be becoming the enemy, not the protector, of free speech. READ MORE »

WATCH: Civil Liberties and the Surveillance State
Mary L. G. Theroux and Erich J. Prince

California Tries To Delay Release of K–12 School Test Scores Until After Election

Lee Ohanian (California on Your Mind)

Sadly true. Yet California’s public education system has been failing its children for decades, despite taxpayers’ spending nearly $20,000 per pupil per year. The root cause of the problem? A politically influenced education system that desperately needs a complete do-over. READ MORE »

Really Good Schools

Global Lessons for High-Caliber, Low-Cost Education

By James Tooley

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