Bahnsen sees attacks on capitalism as the denigration of hopes and dreams, of job opportunities and growth.
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Mayne argues that there will always be more demand for people to do things as prosperity grows. Historically, that is correct.
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The market economy that socialists dispraise is not merely a system for moving goods. It is the best system for coordinating minds.
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A market economy is like a universe-size system of interacting human minds weighing factors of present and future, making choices, and taking purposeful actions.
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Reframing policy issues as questions of objective “science” makes it easier to justify relying on “experts”, thereby enfeebling democratic institutions in favor of bureaucratic systems.
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The sometimes-forbidding terminology economists use is rooted in very basic principles of human behavior, ones that can easily be illustrated.
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All real estate is local but, despite bubbles, it is generally better to buy than rent.
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Marks points out that model collapse means that AI can’t simply keep getting better by training itself until it becomes a superintelligence.
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I spent 55 years as an eyewitness to this disaster, watching a relatively lean and efficient enterprise turn into a distended, barely recognizable caricature.
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Great nerds are able to grasp deeper meanings. So here is this week’s Micro Softy about an overheard conversation.
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AI software startups should be required to release audited numbers so that we can at least understand the current state of the AI economy.
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Two other panelists are Chapman University’s Mark Skousen and John Tamny, author of The Deficit Delusion (2025). George Gilder will moderate.
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DoD Chief Strategy Officer Jinyoung Englund will be speaking on what control by China would mean and whether the United States can catch up.
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The vaunted international community is going all-in on radical environmentalism that, if enacted widely, would gut human prosperity.
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Sidelsky, Larson tells us, thinks our problems stem not from the machines themselves but from the stories we’ve told about them.
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The job market for recent college grads may be warning us that participation trophies for college and ChatGPT use have long-run costs.
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So far, AI is dragging down economic growth by diverting so much human talent and natural resources away from more productive uses.
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Journals should require authors to make their data available online before publication and encourage others to try to replicate the research they publish.
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Metcalfe’s Law of IT growth begins with the fact that one fax machine — for example — is useless. Two help a bit but millions of them made a difference.
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Reinhart/Rogoff’s dismissal of criticism of their deeply flawed study as “academic kerfuffle” is unconscionably cavalier.
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