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Second, there is plenty of room for our morality, including our political morality, to be strict and based in the notion of rules and rights. We should subject ourselves to the constraint of respecting human rights, noting that only semi-absolute human rights will be strong enough to place any constraint on pursuing the benefits of a higher rate of
... See moreTyler Cowen • Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals

In my Far from Equilibrium Economics and Finance course, the first two articles I have my PhD students read are Friedrich von Hayek’s Economics and Knowledge (1937) and The Use of Knowledge in Society (1945) , von Hayek’s classic papers that describe a market economy as a solution to the division of knowledge problem. The third article I have them
... See moreDr. John Rutledge • How to Think About the Deficit, the National Debt, and Interest Rates
the last two decades the United States wasted trillions of dollars and much political capital on its War on Terror. George W. Bush, Tony Blair, Barack Obama, and their administrations can argue with some justification that by hounding terrorists they forced them to think more about survival than about acquiring nuclear bombs. They might thereby hav
... See moreYuval Noah Harari • 21 Lessons for the 21st Century

In turn, the national debt would rise from 35 percent of GDP in 2003 to 50 percent of GDP in 2013—the highest since the mid-1950s, when the United States was still paying down the debt it incurred to fight World War II. The projected red ink and increased debt would be even greater in the years thereafter, when the baby-boom generation reaches reti
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
Federal science spending is so fundamental to the overall economy that a 2023 study found that government-funded research and development have been responsible for 25 percent of productivity growth in the US since the end of World War II.
Ezra Klein • Abundance
A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
This analysis does not mean that cross-border flows of capital should be severely stifled, much less eliminated entirely. But within the category of foreign capital, some types pose greater risks than others, much as certain kinds of cholesterol are beneficial for the heart while others clog the arteries. In the "good cholesterol" capital
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