A widely anticipated textbook, “Universal Economics,” has just been published by Liberty Fund. Its authors are two noted UCLA economists, the late Armen A. Alchian and William R. Allen. Editor Jerry L. Jordan was their student and later became a member of President Ronald Reagan's Council of Economic Advisers, as well as the president and CEO of the Federal Reserve Bank of Cleveland.



President Barack Obama's first education secretary, Arne Duncan, gave a speech on the 45th anniversary of “Bloody Sunday” at the Edmund Pettus Bridge in Selma, Alabama, where, in 1965, state troopers beat and tear-gassed hundreds of peaceful civil rights marchers who were demanding voting rights.



I'm thankful that increasing attention is being paid to the dire state of higher education in our country. Heather Mac Donald, a fellow at the Manhattan Institute, has just published “The Diversity Delusion.” Its subtitle captures much of the book's content: “How Race and Gender Pandering Corrupt the University and Undermine Our Culture.” Part of the gender pandering at our universities is seen in the effort to satisfy the diversity-obsessed National Science Foundation and the National Institutes of Health, each of which gives millions of dollars of grant money to universities.



So much of our reasoning about race is both emotional and faulty. In ordinary, as well as professional, conversation, we use terms such as discrimination, prejudice, racial preferences and racism interchangeably, as if they referred to the same behavior. We can avoid many pitfalls of misguided thinking about race by establishing operational definitions so as to not confuse one behavior with another.



One of the best statements of how the Framers saw the role of the federal government is found in Federalist Paper 45, written by James Madison, who is known as the "Father of the Constitution": "The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite. The former will be exercised principally on external objects, as war, peace, negotiation, and foreign commerce. ... The powers reserved to the several States will extend to all the objects which, in the ordinary course of affairs, concern the lives, liberties, and properties of the people."



South Africa has been thrown into the news because of President Donald Trump's recent tweet that he instructed his secretary of state to "closely study" alleged land seizures from white farmers in South Africa. Earlier this year, a land confiscation motion was brought by radical Marxist opposition leader Julius Malema, and it passed South Africa's Parliament by a 241-83 vote. Malema has had a long-standing commitment to land confiscation without compensation. 



The Immigration and Nationality Act mandates that all immigrants and refugees undergo a medical screening examination to determine whether they have an inadmissible health condition. The Centers for Disease Control and Prevention has technical instructions for medical examination of prospective immigrants in their home countries before they are permitted to enter the U.S. They are screened for communicable and infectious diseases such as tuberculosis, malaria, hepatitis, polio, measles, mumps and HIV.



With the continuing hysteria about Donald Trump's presidency, a few questions come to mind. The first: Can a bad man become a good president? The second: Does one's being a good man guarantee he'll be a good president? Third: Does having a good president require a good man? Is there any evidence of Lord Acton's argument that “great men are almost always bad men?”



During the weekend of Aug. 4-5 (and the preceding Friday night), 12 Chicagoans were shot dead, and 62 others were shot and wounded, the Chicago Tribune reported. Before last week's mayhem, 1,718 Chicagoans had been shot since the beginning of the year, and 306 had been murdered. Adding to this tragedy is the fact that Chicago's clearance rate is less than 15 percent.



Many of the nation's colleges have become a force for evil and a focal point for the destruction of traditional American values. The threat to our future lies in the fact that today's college students are tomorrow's teachers, professors, judges, attorneys, legislators and policymakers. A recent Brookings Institution poll suggests that nearly half of college students believe that hate speech is not protected by the First Amendment. Of course, it is. Fifty-one percent of students think that it's acceptable to shout down a speaker with whom they disagree.



Poverty is no mystery, and it's easily avoidable. The poverty line that the Census Bureau used in 2016 for a single person was an income of $12,486 that year. For a two-person household, it was $16,072, and for a four-person household, it was $24,755. To beat those poverty thresholds is fairly simple. Here's the road map: Complete high school; get a job, any kind of a job; get married before having children; and be a law-abiding citizen.



Former Treasury Secretary Larry Summers predicted that if Donald Trump were elected, there would be a protracted recession within 18 months. Heeding its experts, a month before the election, The Washington Post ran an editorial with the headline “A President Trump Could Destroy The World Economy.” Steve Rattner, a Democratic financier and former head of the National Economic Council, warned, “If the unlikely event happens and Trump wins, you will see a market crash of historic proportions.”