Universities are not alone among our institutions that have lost their way. How about America’s corporations, which now seem to think social justice is their job, besides efficiently delivering goods and services to the American public?
In a recent panel discussion at the Bipartisan Policy Institute, Jamie Dimon, chairman and CEO of JPMorgan Chase, the nation’s largest bank, rang the alarm about the nation’s debt.
Dimon noted what is already widely known—that federal debt now equals 100% of gross domestic product, on its way to 130% of GDP by 2035.
We’re headed for a cliff at “60 miles an hour,” said Dimon.
But this is not new.
In 2018, for instance, an opinion piece in The Washington Post authored by former Secretary of State George Shultz and four distinguished economists from the Hoover Institution—Michael Boskin, John Cochrane, John Cogan, and…
