While the conventional wisdom holds that the Federal Reserve has stabilized the economy, this isn’t necessarily true, Heritage Foundation economist Norbert Michael writes in a new report.

“There is evidence that the Fed has not been as effective as once thought in accomplishing its stabilization goals, and even some evidence that the Fed era has had more economic instability than the pre-Fed era,” he explains.

This infographic lays out the case: Continue Reading »

Heritage's Steven Bucci, Dr. Robert Kadlec, Heritage's Charlotte Florance, Tevi Troy, and Dr. Tara O’Toole discuss Ebola policy at The Heritage Foundation. Photo: Andrew Schaeffer

Heritage’s Steven Bucci, Dr. Robert Kadlec, Heritage’s Charlotte Florance, Tevi Troy, and Dr. Tara O’Toole discuss Ebola response at The Heritage Foundation. Photo: Andrew Schaeffer

The Obama administration should treat the Ebola outbreak as a humanitarian and public health issue. Our leaders should avoid panic and do the things that work to contain and eventually eradicate the disease in Africa. That’s according to a panel of experts speaking this week at The Heritage Foundation.

Robert Kadlec, Tevi Troy, Tara O’Toole, and Heritage ‘s Charlotte Florance agreed that we aren’t doing enough, and recommended a few “dos and don’ts” for policymakers and citizens alike.

Do:

  1. Clearly establish U.S. logistic capabilities in controlling the domestic Ebola outbreak.
  2. Figure out better ways to transport victims of Ebola in Africa to their treatment centers to ensure they are fully utilized and effective.
  3. Utilize the private sector both in the U.S. and in Africa to implement safe and effective counter measures.

Don’t:

  1. Restrict travel or enforce quarantines without clear and scientific cause.
  2. Give out vaccines or other forms of treatment without conducting thorough and conclusive safety trials.
  3. Fall into a state of panic or believe that we know nothing about Ebola, which is how the media often portrays the issue.

Watch the whole video of the panel on CSPAN.

Considering Ebola a national security issue also doesn’t help, Heritage’s James Caravan explains on The Daily Signal. “The best way to deal with a disease outbreak is to follow sound public-health policies, not cloud the issue with the trappings of national security.”

What do you think should be done to prevent an Ebola outbreak in the U.S.?

Heritage recently sat down with Heritage Legacy Society member and estate planning attorney Mark James of Lancaster, Pennsylvania for advice on estate planning as well as his thoughts on why he’s chosen to remember Heritage in his own plans.

Mark JamesHeritage: Is there any advance homework a person can or should do before their first appointment with an estate planning attorney?

Mark: I give my clients a brief questionnaire to help them clarify what I call “The Three P’s of Estate Planning”: People, Property, and Plans. For “people,” you’ll need to determine who will receive the assets from your estate. It sounds simple, but there’s often more than meets the eye. I’ve had clients who had originally planned to divide assets equally among all their children, but after some prompting, realized that special safeguards should be put in place due to a problematic or spendthrift child.

Similarly, it’s helpful to take inventory of your “property” to estimate the value of your estate. Not only will it be helpful to your attorney in determining potential estate taxes, but it’s also important to know how your assets are titled, whether you own real estate in a different state, and what portion of your estate’s value is in real estate, retirement accounts, and financial assets for example. Continue Reading »

“Eliminating waste and controlling government spending is best accomplished by reducing the size and scope of government,” Heritage Foundation economist Romina Boccia argues in a new report.

She explains:

The federal government does too many things that would be done better by individuals and organizations in the private sector, or by state and local governments, or that should not be done at all. A smaller, more limited federal government would focus on providing essential public services, legal services, and a basic social safety net, and would otherwise leave individuals free to determine their own affairs to the maximum extent possible in the defense of liberty.

Congress should take the following six steps to reduce the size and scope of the federal government, Boccia writes: Continue Reading »

James Carafano speaking at Berkley

James Carafano speaks at Berekley Law School.

The University of California, Berkeley is not known for being sympathetic of conservatives, let alone supportive.

But Heritage Foundation defense expert James Carafano found an attentive audience when he visited the Berkeley Law School earlier this month to discuss his book, Wiki at War.

Carafano’s book explores how the Internet has changed the nature of warfare and diplomacy. Wikileaks, for example, demonstrates how online vandalism can frustrate our foreign policy. More recently, ISIS and other terrorist groups have used the web to collaborate and recruit.

Update: We received the following praise from Alexander Smith, the president of the Berkeley Law Federalist Society: “Dr. Carafano’s engaging talk highlights our national security challenges and suggests cautionary notes. It was appreciated by all.”

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