Incentives
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Who Gets Rich from Innovation? Evidence from Broadband Expansion on the Colville Reservation
The biggest winners from new technologies are usually the people who use them, not the people who invent them.
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California’s Billionaire Tax Is Backfiring Before It Begins
California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.
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Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
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Fixing Patent Eligibility Is an Easy Win for Innovation
Restrictive patent eligibility has pushed investment in key technologies overseas, weakening one of America’s historic competitive advantages. Congress can still reverse course.
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Rewarding Good Governance: How Foot-Voters Benefit Society
Governance improves when people and businesses are free to leave high-tax, low-value jurisdictions. Competition can improve public policy just as it improves products and services.
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A Forgotten Founder Who Warned Against Cronyism
John Taylor argued that government-created privilege would enrich favored interests while weakening republican self-government.
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Markets Bet on Warsh to Fight Inflation. Will the Fed Deliver?
Traders expect the Fed’s new chair to respond to accelerating inflation with higher rates. Credibility requires policy match the tough talk.
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Should Smartphones be Banned in Schools? A Look at the Research
Students react poorly at first but show improvement over time. Unfortunately, government schools are tricky places to run experiments.
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Ozempic Sat Unused for Decades Because Invention Is Not Enough
Pfizer knew GLP-1s worked in 1990, but didn’t see their potential. The 30-year detour shows entrepreneurship matters as much as raw invention.
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The Hidden Driver of Social Security’s Fiscal Crisis
Social Security’s financing problems stem not only from an aging population but also from benefit formulas that grow more generous with each generation.
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•
Who Gets Rich from Innovation? Evidence from Broadband Expansion on the Colville Reservation
The biggest winners from new technologies are usually the people who use them, not the people who invent them.
-
•
California’s Billionaire Tax Is Backfiring Before It Begins
California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.
-
•
Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
-
•
Fixing Patent Eligibility Is an Easy Win for Innovation
Restrictive patent eligibility has pushed investment in key technologies overseas, weakening one of America’s historic competitive advantages. Congress can still reverse course.
-
•
Rewarding Good Governance: How Foot-Voters Benefit Society
Governance improves when people and businesses are free to leave high-tax, low-value jurisdictions. Competition can improve public policy just as it improves products and services.
-
•
A Forgotten Founder Who Warned Against Cronyism
John Taylor argued that government-created privilege would enrich favored interests while weakening republican self-government.
-
•
Markets Bet on Warsh to Fight Inflation. Will the Fed Deliver?
Traders expect the Fed’s new chair to respond to accelerating inflation with higher rates. Credibility requires policy match the tough talk.
-
•
Should Smartphones be Banned in Schools? A Look at the Research
Students react poorly at first but show improvement over time. Unfortunately, government schools are tricky places to run experiments.
-
•
Ozempic Sat Unused for Decades Because Invention Is Not Enough
Pfizer knew GLP-1s worked in 1990, but didn’t see their potential. The 30-year detour shows entrepreneurship matters as much as raw invention.
-
•
The Hidden Driver of Social Security’s Fiscal Crisis
Social Security’s financing problems stem not only from an aging population but also from benefit formulas that grow more generous with each generation.