Monday , May 20 2019
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Tag Archives: Video

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George Will – linking to two works by my intrepid Mercatus Center colleague Veronique de Rugy – makes a powerful case against that great geyser of cronyism, the U.S. Export-Import Bank. A slice: The Trump administration trots out its usual rationale for economic irrationality: Ex-Im is a “national security weapon.” As the bank subsidizes China and Russia? In 2014, in 17 Ex-Im transactions the primary borrower was the Export-Import Bank of China. Says Toomey, “You cannot make this stuff...

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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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Quotation of the Day…

… is from page 85 of the 2015 2nd edition of Georgetown University’s Pietra Rivoli’s excellent 2005 book, The Travels of a T-Shirt in the Global Economy: A system that ignores market signals, that provides no incentives, and that subsidizes losers cannot be efficient in producing goods and services. Central planners will produce the wrong goods, use the wrong inputs, set the wrong prices, hire the wrong people, and ultimately produce shoddy products, and not enough of them anyway. DBx:...

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My intrepid Mercatus Center colleague Veronique de Rugy rightly bemoans government subsidies for producers and drivers of electricity-powered vehicles. A slice: Almost 80% of those utilizing the EV tax credit have incomes over $100,000, making it not just a corporate handout but also a transfer from all workers to wealthier Americans. And despite its advocates’ claims, the EV tax credit fails to reduce the alleged threat of climate change. Also rightly bemoaning government subsidies for...

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My intrepid Mercatus Center colleague Veronique de Rugy and her co-author Justin Leventhal have some data on that great geyser of cronyism, the U.S. Export-Import Bank. James Pethokoukis highlights some contradictions of Trump’s trade policy. Art Carden points out that robots are not causing starvation. In this short video, Johan Norberg busts a popular myth about the history of U.S. income-tax rates. And here are more tax facts, from Mark Perry. “Is crazy Bernie Sanders a sincere...

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My intrepid Mercatus Center colleague Veronique de Rugy again warns of the danger of any scheme for government to promote more paid family leave. A slice: A 2018 paper by Cato Institute analyst Vanessa Brown Calder reviews the literature on the impact of paid leave. She found that a government-provided solution to the issue won’t result in the proverbial free lunch for which supporters hope. Trade-offs for paid leave policies vary depending on policy specifics, but they include...

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Bonus Quotation of the Day…

… is from pages 2-3 of Deirdre McCloskey’s November 2018 paper “How Growth Happens: Liberalism, Innovism, and the Great Enrichment” (original emphasis): Hans Rosling, the late, great Swedish professor of public health, emphasized how little most people, even very well-informed people, know about the overwhelmingly good news 1800 to the present, or even 1960 to the present (e.g., falling birth rates, falling infant death rates, rising literacy). He surveyed people, in his various...

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My intrepid Mercatus Center colleague Veronique de Rugy warns that the sort of socialism that will curse America if we go down a road paved by the likes of Bernie Sanders and Alexandria Ocasio-Cortez is the sort that now enervates France. A slice: Yet, it is also true that all varieties of socialism fail to achieve their goals for the same reason: all varieties attempt, to one degree or another, to substitute the decisions of government planners for those of private citizens interacting...

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Quotation of the Day…

… is from page 189 of the 2016 Mercatus Center re-issue of my late colleague Don Lavoie’s superb and still-relevant 1985 volume National Economic Planning: What Is Left?: [T]he complexity of the modern world is not only an insufficient condition for the advisability of national economic planning but is, on the contrary, a reason for relying on the social intelligence generated by market forces. DBx: Precisely so. Raise your hand if you believe that the likes of Bernie Sanders, Donald...

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