George Leef writes about the Model-T and the Tesla.
I apologize for only just now finding Mark Perry’s initial and excellent response to Robert Reich’s horrendously reasoned case for raising the minimum wage to $15 per hour. The video in which Reich presents this case is the intellectual equivalent of a video of someone who is widely believed to be a professional and competent biologist arguing that the earth is 4,000 years old.
Speaking of Mark Perry, he explains here a point that I believe deserves much more attention – namely, the increasing inability of conventional tools of national income accounting to measure changes in economic activity. (See also Diane Coyle’s excellent 2014 book, GDP.)
Starting at around the 25:45 mark in this video is my presentation at last month’s wonderful Liberty Forum in Porto Alegre, Brazil. (HT Rodrigo Carpes)
Cato’s Chris Edwards discusses Amtrak’s budget.