By David Deavel on Oct 14, 2020 04:00 pm
Science does not give us all the answers. When it comes to forming policy, there are no technocratic answers. The Great Barrington Declaration is a sensible statement by a group of scientists daring to stand against the “consensus” of experts. It is based not merely on science but on prudent thought based on a ...
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Desmond Lachman | The Hill
Desmond Lachman | The National Interest
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Derek Scissors | InsideSources
The enormous amounts of credit extended to people and companies are not “stimulus”; this is fiction. Even when necessary, borrowing will slow global growth for many years to come.
R. Glenn Hubbard | National Affairs
New ideas, openness to trade, and technological advances have propelled the US economy to new heights. While America's dynamic economy has been the engine of our prosperity and opportunity, it has also been a source of our political division. Instead of constructing walls of protectionism and regulation, policymakers should work to build bridges to opportunity.
Michael R. Strain | @MichaelRStrain | Bloomberg Opinion
In 1970, economist and Nobel laureate Milton Friedman wrote that a business' social responsibility is to increase its profits. This view, now under attack by a group of politicians and business leaders, is well grounded in solid economics, common sense, and practical considerations.
by David R. Henderson via Econlib
To understand my story, you first need to understand Friedman’s basic point. Here it is in a nutshell: Managers are employees of corporations. In the decisions they make with corporate resources, they should be responsible to the corporation.
James Pethokoukis | @JimPethokoukis | AEIdeas
Critics of Milton Friedman's doctrine often view the immediate postwar decades as an economic golden age that never turned into a golden century. And that failure, they say, is partly because of the rise of short-sighted capitalism that Friedman supposedly recommended. But what if this economic golden age was not as golden as we remember?
E.J. McMahon, Manhattan Institute
In the wake of the coronavirus pandemic, New York City is facing its biggest economic and fiscal challenges since the mid-1970s. The Big Apple’s recovery prospects are uncertain and hotly debated, but this much already is clear: with tax revenues cratering, the city government’s pre-pandemic spending trends are simply unsustainable. Personal service costs, inflated by fringe benefits and inefficient work rules, are by far the biggest chunk of New York’s nearly $90 billion budget. Read more here...
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Yuen Yuen Ang considers the possibility that either or both countries could experience a change in leadership.
Robert Skidelsky rejects the orthodox economic view that public investment is bound to be less efficient than private capital.
Andrés Velasco asks what an era of larger, more robust state intervention in the economy can and should mean.
Eswar Prasad explains why a new version of the renminbi will fail to challenge the US dollar’s global dominance.
Joschka Fischer says that US and European policymakers and businesses have no choice but to accept that China as it is.
James Pethokoukis | AEIdeas
R. Glenn Hubbard and James Pethokoukis | AEIdeas
Faster wage growth? A lighter debt burden? Is there anything faster productivity growth can’t accomplish?
James Pethokoukis | AEIdeas