There’s no need to focus on consumption. It’s pointless simply because our wants are unlimited. The unlimited nature of our wants raises an obvious question about why some can consume more than others? The answer is that some produce more than others. Which to most is a statement of the obvious. The exception is […]
Beware the Experts Who Tie Prosperity to Consumption Read More »
Vain political attempts to place a wall around U.S. genius wouldn’t be necessary even if they worked… Continue reading on Forbes.
The Backwards Looking Media Obsession With Nvidia & China Read More »
Detroit’s existing workers weren’t harmed by a global influx of people in pursuit of Henry Ford’s $5/daily wage. The impressive pay Ford offered as a way of shrinking employee turnover logically added to the productivity of Detroit’s existing workforce, and by extension their ability to earn even more. That’s because people are never a
There Was No “China Shock,” There Was a Big China Boom Read More »
Massachusetts Senator Elizabeth Warren is back on the warpath against American chip manufacturer NVIDIA. This time, it was the purchase of SchedMD that earned her ire. But when factoring in her previous outrage over the acquisitions of Groq and Enfabrica and her ongoing efforts to ban its exports, it seems Warren has fallen into the strange belief that by
We Won’t Outcompete China by Keeping U.S. Tech Small Read More »
No individual or nation need ever worry about the supply of oil or Artificial Intelligence (AI). The latter holds true whether both are sourced across the street or on the other side of the world. The only barrier to oil or AI accession is a lack of production. Put another way, wherever there’s production
The Brilliant Existence of Oil and AI Is All That Matters Read More »
I’m very grateful to Dave Hebert that he’s never gone wobbly on the genius of free trade. He’s right that we agree. Why my response to his? It’s an attempt to convince him not about free trade, but about currency, IP, and so-called “trade deficits.” Will I succeed? It recalls the line from the
A Free Trader Responds to a Free Trader About Free Trade Read More »
West Virginia’s relative poverty isn’t an effect of California’s enormous wealth. The better way to look at it is to consider how much poorer the Mountain State would be minus all the advances hatched in California, and for that matter around the world. What matters is that people are producing, not where they’re producing.
Wealth Creation Is Not An Act of War, Opposite What You’re Told Read More »
“This saga was never about TikTok’s utility or popularity but its Chinese ownership and apparent links to the Chinese Communist Party.” That’s from a recent editorial in the Washington Post, and it’s an unwitting reminder that attacks on TikTok were never about fears of China or the CCP, but were instead about protectionism for sore-loser American companies
The TikTok “Saga” Is About American Envy, Not National Security Read More »
Elon Musk and Jeff Bezos can’t realistically spend all the wealth they’ve created. That’s why both epitomize progress. It’s not just that they’ve transformed how we live, it’s that their inability to spend the abundant fruits of their commercial genius means that what they don’t spend will be continuously directed to entrepreneurs and businesses
Falling Prices Enable the Savings That Drive Progress Read More »
There are already flying taxis in China. There’s drone delivery of meals too. About the leaps taking place in China, some will say we need to catch up. Others will say that in addition to catching up, we need to keep advances hatched in China out of the U.S. They would be incorrect, twice.
If We Don’t Want the Chinese To ‘Lap’ Us, Let Them Sell To Us Read More »
