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The pandemic need not have the final word; it can be an opportunity to ensure more parents have more opportunity to seek out an education that is not only high-quality, but one that is provided in the context they deem best for their individual needs.
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A well-chosen and consistent monetary policy anchor will not solve every problem—and certainly not ones directly related to public health—but it can facilitate the execution of financial and business contracts and shore up the social contract by lowering uncertainty about the future.
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As sources of valuable social capital, few relationships are as important as the family ties between parents and children. However, as with other features of our associational life, family ties have been weakening for several decades.
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While there are good reasons not to rely on the tax code to promote social goals, its imbalanced treatment of spending and saving actually discourages savings and thereby poses a barrier to social capital investment. Universal savings accounts would help rectify this bias.