The dangers that a lack of realism can bring to many educated people are completely overshadowed by the dangers to a whole society created by the unrealistic views of the world promoted in many educational institutions.

It was painful, for example, to see an internationally renowned scholar say that what low-income young people needed was "meaningful work." But this is a notion common among educated elites, regardless of how counterproductive its consequences may be for society at large, and for low-income youngsters especially.

“I think the disruption added to the excitement of the evening,” said a fellow attendee at the recent Milton Friedman Prize for Advancing Liberty Award Dinner as we were leaving the International Ballroom at the Washington Hilton.

He was talking about an unscripted Occupy outbreak when a protester burst into the ballroom, yelling and waving two large placards above his head and charging the stage during the presentation of the 2012 Friedman award to Mao Yushi, an 83-year-old economist and engineer, one of the pioneers of the movement in China committed to individual freedom, government reform, and the transition from a centrally planned and politicized economy to a market economy.

George Washington once said, “Let us with caution indulge the supposition that morality can be maintained without religion." But what do studies of the behavior of religious and secular people really show? Which group witnesses better for its world view?

Peter Schiff's latest book, The Real Crash: Americans Coming Bankruptcy -— How to Save Yourself and Your Country, is a treasure trove of economic wisdom and policy proposals. Americans ignore the valuable insights of Peter Schiff at their own peril. 

Presumptive Republican presidential candidate Mitt Romney is essentially playing one card in his quest for Barack Obama’s job: his business experience taught him how economies work.
But Romney’s own pitch raises doubts about this.

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