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Free at Last? Or why we are even happier than usual about the U.S. economy
Our readers know that we have long resisted the idea that the U.S. economy is headed for a serious “recession,” despite the best efforts of the Federal Reserve to wreak one, and the ravages of emergency socialism mulcting our wealth and savings. Our reasoning has not been complicated. During the Reagan era, from 1983 to […]
AI is already beyond the reach of the regulators, and that’s good news for the rest of us
Something important happened this week and it was nothing to do with squabbles between factions of Russian thugs, or even Hunter Biden. Databricks, a privately held software company, with circa $1billion annual revenues, announced it would pay $1.3 billion to acquire an utterly obscure artificial intelligence (AI) start-up called Mosaic ML. This matters because it […]
The Chairman Blinks Twice
On the campaign trail in 2000, George W. Bush, commenting on China’s future, noted “once a measure of economic freedom is permitted, a measure of political freedom will follow.” Today, GOP China Hawks partly regard Bush as intolerably naïve. Former House Speaker Newt Gingrich, their intellectual leader, chides, we now know such hopes were “rooted […]
United Arab Emirates Takes Lead in Artificial Intelligence
Well, Okay, the UAE is not the world’s leader in Artificial Intelligence (AI). But in terms of government policy on AI, the regulators of that sandy land appear to be a whole lot better at their jobs and, if we may be excused for using the term, more progressive, than their U.S. counterparts. The UAE […]
In Memoriam
As Memorial Day came and went, the thought that lingered was how terrible it must be to live in a weak country. Fear always. Bad deals with bad neighbors. Invasion. Chaos. Flight. Poverty. Disease. All because a weak country cannot choose its wars. Throughout U.S. history, we have chosen every one of our wars. Yes, […]
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Siccing Instant Karma on the G-Men
How terrible to live in a weak country. Fear always. Bad deals with bad neighbors. Invasion. Chaos. Flight. Poverty. Disease. All because a weak country cannot choose its wars. Throughout U.S. history, we have chosen every one of our wars. Yes, Pearl Harbor was a sneak attack, but for us the Great War had already […]
Terminating the Black Republican Taboo
Generally, politics as a horse race bores us, though we are bored by neither horses nor races. Yet Sen. Tim Scott’s entry to the presidential race is interesting, mostly for what everyone knows but so far no one is saying out loud. Republicans should support Tim Scott for President because he is black. If Sen. […]
To China with Love
Because we are routinely accused of being “pro-China” or even CCP-symps, it seems useful to clarify our position and above all the premise from which it emerges. To do that, let’s start with the opposing thesis of the China Hawks: China is still a Communist country and thereby just as much an enemy of the […]
After Recent Boom War-Makers Face Slump
In 1914, a cavalry troop maintaining formation could charge at roughly 30 feet per second. The muzzle velocity of a Hotchkiss machine gun, developed the same year, was 2,375 feet per second, nearly 100 times as fast. From a range of 300 yards, a horse could move only inches in the time it took the […]
At the Fed, the Deep State Hides in Plain Sight
By George Gilder and Richard Vigilante We’ve never quite liked the “Deep State” as a descriptor, as it tends to suggest dark and, well, deep, hidden machinations by unknown actors. That’s not quite right. The Deep State consists of a long list of very public institutions, staffed by people listed in some publicly available directory, […]