Tweet [1]
Do you rejoice for the Chinese? Timothy Taylor does – and rightly so [2]. (HT Steve Hardy) A slice:
But the bottom line is that more than a billion people in China have risen out of a combination of grinding poverty, poor health and low levels of education to what the World Bank classifies as “upper middle income.” A Chinese person who was a young adult back in 1980 has observed the entire process in his or her own lifetime – and hasn’t yet reached retirement age.
Speaking of China, Beijing is cutting some tariffs [3].
The Volokh Conspiracy has moved to Reason [4].
When, exactly, were the good ol’ days? – Johan Norberg explores [5].
I just learned from Frayda Levy of a new series of informational spots that will run on radio: “Why Minutes.” Here’s the first one [6] – one that, by the way, the richest man in America 100 years ago couldn’t listen to because in 1917 commercial radio broadcasts had yet to start in America. (For more, see here [7].)
GMU Econ alum Mitch Mitchell unveils the economic wisdom in Charlotte’s Web [8].
Gary Galles celebrates George Mason the man [9].
Bob Higgs reflects deeply on politics [10].
Also from Bob Higgs is this objection to the maternal state [11].
Recent data from the U.S. Bureau of Economic Analysis confirms [Douglas] Irwin’s conclusion about NAFTA. From 2011 to 2016, the outflow of direct manufacturing investment from the United States to Mexico averaged a modest $3.1 billion. That is a trickle compared to an average $217 billion that has been invested each year in manufacturing plants and equipment in the United States during that same time frame. The decline in U.S. manufacturing jobs in the past two decades has not been because of NAFTA, but primarily because of rising productivity spurred by automaton and the move of U.S. industry up the value chain.