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Tag Archives: technology

Bonus Quotation of the Day…

… is from page 3 of the 1976 second edition of my late, great teacher Leland Yeager’s sweeping International Monetary Relations: Theory, History, and Policy (footnote deleted): Like technological progress, trade widens the range of available ways of transforming labor and other resources into desired goods and services. Technological progress and geographic specialization both make this transformation more “efficient” (to us a loose but convenient word). The basis for specialization and...

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The Broader Effects of Trade and Tech

Quite a few people consciously favor “free markets, but not free migration.”  When questioned, many explain that unlike free markets in goods, free markets in labor have “broad social effects.”  At this point, I have to suppress my urge to exclaim, “Are you out of your minds?”  They’re right, of course, that free migration has broad social effects.  They’re crazy, however, to imagine that free markets in goods lack these effects.  Indeed, at least within the observed...

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Silver as a “Green Metal” and Other Silver News

If I mention a “green metal” you might think of copper due to its propensity to turn green as it oxidizes. But as it turns out, silver is a “green metal” as well – green as in environmentally friendly. In fact, silver is playing an increasingly large role in efforts to protect the environment.As you probably know, silver is an important component in the solar energy industry. Now scientists have discovered that silver works better than copper as a catalyst to transform greenhouse gas. This...

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The Can-Do Attitude of Innovism

The worst market failure is the market’s poor public relations. By far. The market is far too quiet and modest about its countless brilliant achievements. The market routinely brings forth astonishing innovations that benefit billions, yet most of these innovations go unnoticed by most people. Worse, when pointed out, each one of these achievements is likely to be regarded by intellectuals with contempt and sometimes even with scorn. Very few of the genuine achievements of markets –...

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Gold in Tech: I Can See Clearly Now!

Thanks to gold, you may see even sharper images on your smartphone, computer and television screens the future.We’ve seen tremendous advances in high-resolution technology over the last decade or so. Modern smartphone displays pack millions of pixels in a few inches of space giving us crystal clear images. But researchers at Cambridge University have created even smaller pixels using gold nanoparticles.This is another in a long list of technological innovations using gold that researchers...

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Some Links

My Mercatus Center colleague Chuck Blahous warns that the U.S. Social Security system is verging on insolvency. A slice: Throughout the past decade, those seeking the presidency have focused their rhetoric more on what they wouldn’t do to repair Social Security’s finances than on what they would. Congress isn’t doing much better. Instead of charting a realistic path forward, every congressional Social Security proposal introduced this year would do one of two things: add a new parental...

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Each American has the energy-equivalent of nearly 600 full-time ‘human energy servants’ – Publications – AEI

AEI Each American has the energy-equivalent of nearly 600 full-time ‘human energy servants’ This is an update of a previous CD post from 2016 that was inspired by an analysis that Brian Wang featured in November 2015 at his Next Big Future blog that attempted to answer the question: Based on the amount of energy expended per average American for residential electricity, heating, cooking, and transportation, and for industry and commercial purposes, how many full-time “energy...

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Some Links

My Mercatus Center colleague Adam Thierer eloquently decries the radicalization of criticisms of modern tech. A slice: In a recent white paper, my Mercatus Center colleague James Broughel and I cataloged the voluminous literature that documents the symbiotic connection between technological innovation, economic growth, and human flourishing. Decades of research by historians, political scientists, and economists reveals that technological innovation is a fundamental driver of long-term...

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Gold In Tech: Scientists Develop Coating to Stop Glass From Fogging Up

Not too long ago, CNBC commentator Jim Leventhal said he had no interest in gold because it has “no uses as a metal.” Of course, this comment is utterly absurd. It goes to show that just because you have an MBA doesn’t mean you have common sense. After all, anybody with an ounce of common sense knows that there are hundreds of uses for gold. In fact, the demand for gold in industry and technology is growing steadily.Here’s just one example – scientists have discovered a way to use gold to...

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Chinese authoritarianism and Western transparency

In a recent EconTalk, Russ Roberts and Amy Webb discussed how Artificial Intelligence (AI) may be the tool authoritarian regimes (and, particularly, China) always needed to fully implement the sort of widespread social control they always aimed for. I found Webb’s arguments sometimes not so persuasive. For example, the fact that big companies in China operate on the government’s marching orders she considers an _advantage_, as this avoids duplications. Russ replies...

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