Public Schools and the Wall of Separation

The famous phrase “wall of separation of church and state” today enjoys the status of legal precedent, but here’s a curious fact. The phrase comes from the letter Thomas Jefferson wrote to the Danbury Connecticut Baptists who feared that state politicians would suppress them. When the Baptists received the letter, however, they didn’t celebrate and publicize the statement. They didn’t even record it in the minutes of their proceedings. “They pretend it never existed.” Continue Reading »

Oil and ISIS

Despite the dramatic drop in the price of oil—over 40 percent in just a few months—Saudi Arabia announced at the recent OPEC meeting that it plans to maintain current production levels. This guarantees that there will be no short-run price turnaround, and possibly continued price declines. After all, the price decrease puts the hurt on Saudi Arabia as well as others. While the nation used its oil profits to build a huge sovereign wealth fund, the government also spends a lot of money; and the International Monetary Fund recently suggested that the country may soon face government expenditures greater than revenue. So why this course of action? Continue Reading »