GMU Econ alum Dave Hebert has a new paper on manufacturing in the U.S. A slice:
The lesson from the Biden-Harris years is not that their policies were successful.Instead, American manufacturing is resilient enough to perform remarkably well despite regulatory headwinds. Regardless, bad policy does take its toll and is more accurately measured in unrealized potential: factories never built, jobs never created, and investment directed elsewhere. The regulatory hangover described here is not the story of a sector that collapsed or is “dead.” It’s the story of a sector that could have been significantly stronger.
Classifying people by race is inherently unethical because it enables government to discriminate for or against individuals or groups based on their race. At its most extreme, the Nazis in Germany and the Vichy government in France used official statistics as part of their genocide campaigns. The French have learned that lesson and forbid almost all data collection by race. Less extreme use of race to discriminate is widespread in the United States today, from college admissions to housing subsidies and hundreds of other applications. (For extensive documentation of such abuses, see David E. Bernstein, Classified: The Untold Story of Racial Classification in America.
George Leef reviews Unsung Heroes of the Market: The 24 Underrated Economists You Need to Know. A slice:
Rosolino Candela contributes a chapter on Israel Kirzner, who enrolled at New York University intending to study accounting and happened to hear about a professor who gave an interesting seminar on economics — Ludwig von Mises. Kirzner decided to attend and was so captivated that he chose to pursue a PhD in economics under von Mises. Candela writes, “The hallmark of Kirzner’s scholarship has been to take his inspiration from Mises and develop his own unique appreciation of the entrepreneurial market process, not for the purpose of illustrating where mainstream economic theory had gone wrong per se, but to explain why its focus on equilibrium states painted an incomplete picture of the market process.” Kirzner’s work also illustrates the ways government regulation hinders entrepreneurs from taking advantage of opportunities for profit.
If the president were surrounded by folks with a little more faith in voters’ intelligence, he might not have insulted them with the promise of a greasy payoff. He should find himself a few people who don’t hold their fellow Americans in contempt. That might make the next two years a little easier on this White House, the GOP, and whomever Republican voters pass the party’s baton to in 2028.
Just think how rich you’ll be when you stop eating altogether!
