Economic Growth
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The Miracles of Human Cooperation Are Hidden in Plain Sight
“Humans cooperate and communicate in miraculous ways through the mechanism of the price system. If you believe someone must be in charge of coordinating human action, you will never notice the marvels all around you.” ~Barry Brownstein
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Garbled Economics in the WSJ on Argentina Dollarization
“Dollarization may not be the first-best solution for Argentina, though it’s hard to imagine it will be worse than hyperinflation.” ~Jason Sorens
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Universal Basic Income? Universal High Income?
“Where would the money come from, existing program cuts, higher existing taxes, new taxes, and/or new money creation? Would a UBI simply displace the current hodge-podge of income transfers or add yet another layer?” ~Robert E. Wright
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Economic Growth Remains One Way Out of Historical Tensions
“When the future looks bright and living standards are rapidly improving, old grudges and tensions lose their relevance. We end up forgetting them because the things ahead look so much more enticing.” ~Vincent Geloso
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If You Care About Social Mobility, You Need to Let Markets Work
“A person born in the economically freest quartile of metropolitan areas experiences between 5 and 12 percent more intergenerational income mobility. This effect is systematically larger than the effect of income inequality.” ~Vincent Geloso
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The Biden Administration’s Artificial Intelligence Rent-Seeking Play
“Political incentives being what they are, these evaluations of safety will be used to redirect and tweak AI models towards the priorities of the current administration.” ~Paul Mueller
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Does a Blowout Third-Quarter GDP Number Vindicate Bidenomics?
“US citizens will, in the event of an uncommonly strong third-quarter US GDP release, benefit from taking close note of political self-aggrandizement made in its wake. Upcoming GDP releases may require reminding administration officials of statements made tomorrow regarding the prospects of Bidenomics.” ~Peter C. Earle
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The Awestruck and the Awws
“No matter how much higher standards of living for nearly everyone in today’s market-oriented economies are, living standards could be even higher. The costs of obtaining, maintaining, and further raising these living standards could be even lower.” ~Donald J. Boudreaux
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The Embargo at 50: Regulatory Causality vs. Anti-Oil Narrative
“What was obvious then should be more obvious today: Energy crises are governmental. Market challenges and solutions are entirely different from full-blown emergencies.” ~Robert L. Bradley
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Kvetching
“Pundits and politicians who describe free trade as an imposition are either hopelessly ignorant of the meaning of free trade, or they are intentionally portraying it in a false light in order to scare people.” ~Donald J. Boudreaux
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•
The Miracles of Human Cooperation Are Hidden in Plain Sight
“Humans cooperate and communicate in miraculous ways through the mechanism of the price system. If you believe someone must be in charge of coordinating human action, you will never notice the marvels all around you.” ~Barry Brownstein
-
•
Garbled Economics in the WSJ on Argentina Dollarization
“Dollarization may not be the first-best solution for Argentina, though it’s hard to imagine it will be worse than hyperinflation.” ~Jason Sorens
-
•
Universal Basic Income? Universal High Income?
“Where would the money come from, existing program cuts, higher existing taxes, new taxes, and/or new money creation? Would a UBI simply displace the current hodge-podge of income transfers or add yet another layer?” ~Robert E. Wright
-
•
Economic Growth Remains One Way Out of Historical Tensions
“When the future looks bright and living standards are rapidly improving, old grudges and tensions lose their relevance. We end up forgetting them because the things ahead look so much more enticing.” ~Vincent Geloso
-
•
If You Care About Social Mobility, You Need to Let Markets Work
“A person born in the economically freest quartile of metropolitan areas experiences between 5 and 12 percent more intergenerational income mobility. This effect is systematically larger than the effect of income inequality.” ~Vincent Geloso
-
•
The Biden Administration’s Artificial Intelligence Rent-Seeking Play
“Political incentives being what they are, these evaluations of safety will be used to redirect and tweak AI models towards the priorities of the current administration.” ~Paul Mueller
-
•
Does a Blowout Third-Quarter GDP Number Vindicate Bidenomics?
“US citizens will, in the event of an uncommonly strong third-quarter US GDP release, benefit from taking close note of political self-aggrandizement made in its wake. Upcoming GDP releases may require reminding administration officials of statements made tomorrow regarding the prospects of Bidenomics.” ~Peter C. Earle
-
•
The Awestruck and the Awws
“No matter how much higher standards of living for nearly everyone in today’s market-oriented economies are, living standards could be even higher. The costs of obtaining, maintaining, and further raising these living standards could be even lower.” ~Donald J. Boudreaux
-
•
The Embargo at 50: Regulatory Causality vs. Anti-Oil Narrative
“What was obvious then should be more obvious today: Energy crises are governmental. Market challenges and solutions are entirely different from full-blown emergencies.” ~Robert L. Bradley
-
•
Kvetching
“Pundits and politicians who describe free trade as an imposition are either hopelessly ignorant of the meaning of free trade, or they are intentionally portraying it in a false light in order to scare people.” ~Donald J. Boudreaux