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July 7, 2023
The 21st Century Decline of Economic Freedom
From 1850 to 2020, industrialized economies went from roughly $3,000 per capita to $40,000 per capita, inflation adjusted. This was also a period of expanding economic freedom, as documented in the new analysis, “Economic freedom, 1850–2020: New evidence” by economic historian Leandro Prados de la Escosura. There are two important things to note about that…
July 6, 2023
The End of Affirmative Action Calls for a Renewed Conservatism of Opportunity
Only about 40 percent of adults in their late 20s have a bachelor’s degree, and that’s true of only 25 to 30 percent of blacks and Latinos in that age range. Just 20 to 25 percent of black and Latino men ages 25 to 29 have a bachelor’s degree. Most college graduates attend schools that are minimally selective. All…
June 28, 2023
Is ‘Bidenomics’ Even a Thing, Really?
The White House is saying that President Biden’s speech today in Chicago will be on the subject of “Bidenomics.” The choice to use that term is a meaningful one, according to the Financial Times: Biden’s move reflects growing confidence inside the White House that he can gain more political credit for his sweeping economic legislation, which has pumped…
June 15, 2023
The Conservative Case for SNAP Restrictions
Conservatives believe in individual freedom, free enterprise, and limited government. This is why conservatives often bridle against the government restricting individual choice—even when it comes to the use of public benefits. After all, being free to make decisions for yourself and your family is fundamental to conservative thought. So, why should policymakers consider placing restrictions on what…
June 15, 2023
Instead of ‘Late Capitalism,’ Maybe the US Economy Is Still in ‘Early Capitalism’
So how is the twilight of capitalism working out for you? What, you didn’t realize that you were living through “late capitalism”? Before I go on, let me first explain that term. The phrase dates back to the early 20th century — yup, we’ve apparently been in LC for a long time — when Werner…
June 14, 2023
The Best Argument for School Choice
A new study from the Texas Public Policy Foundation is a reminder that the most persuasive argument in favor of school choice is not the promise of higher test scores, the beneficial effects of competition, or even an escape hatch from failing public schools—it’s the power of choice to make a more satisfying range of school cultures…
June 13, 2023
Is There an AI Gender Gap?
Gender gaps are one of the defining characteristics of our age. In a wide variety of educational, social, and work settings, women increasingly out-perform men. Women attend college at higher rates and appear to be succeeding in a work environment where so-called “soft-skills” predominate. There’s one area, however, where men are stepping out ahead of women: the adoption and…
June 8, 2023
Work Improves Mental Health
Since President Joe Biden signed the Fiscal Responsibility Act of 2023 (FRA) into law, countless news stories have detailed how thousands of low-income Americans will be negatively impacted by new work requirements in the Supplemental Nutrition Assistance Program (SNAP). A narrow work requirement has long existed in SNAP, but changes in the FRA raised the age of SNAP’s…
June 8, 2023
Flawed Approach: The Working Families Tax Cut Act as a Response to Inflation
Earlier this week, Congresswomen Nicole Malliotakis (R-NY) and Michelle Steel (R-CA), who are both members of the House Committee on Ways and Means, introduced the Working Families Tax Cut Act. The bill would temporarily increase the standard deduction by $2,000 for single filers and $4,000 for married filers in 2024 and 2025. However, this increase would phase out for…
June 7, 2023
How ‘Negativity Bias’ Skews the Conversation About Artificial Intelligence
Just as I was preparing an article titled “Calm Down About Artificial Intelligence”—one in a series—Marc Andreesen has preempted me with an 18-page blog post inventorying the main threads in the “AI doom-loop” and why these concerns are either wrong or substantially overblown. In fairness, Andreesen is open to the criticism that he is engaging in…