News
Recent posts and articles from IGEG fellows, advisers, experts and scholars.
AI will Eventually Destroy Almost Every Job that Now Exists
Last week, ChatGPT revealed that it was better at being me than I was at being me. Fortunately, so far, it is only part of me where artificial intelligence is better. I had intended to write this weekly column to update you about the need to abolish the capital gains...
How Dangerous Are Political Lies?
GOVERNMENT ACTORS AND THE MEDIA ARE A GREATER DANGER THAN CANDIDATES WHO CAN BE FACT-CHECKED Ever wonder why politicians and their media friends seem to lie so much more than other people? The simple answer is that the payoff can be large if others believe the lie...
The End of the Energy Crisis
REAL GAINS FOR AMERICANS AS COSTS COME DOWN Be thankful for entrepreneurs, scientists and engineers. They offset many of the sins of the political class and make our futures better. For decades, self-proclaimed environmentalists and their power-seeking political and...
Who Is the Biggest and Richest?
IT'S HARD TO RANK GLOBAL ECONOMIES Does China have a larger economy than the U.S.? Is India, Germany or Japan the world’s third-largest economic power? How many minutes of labor does it take for the average worker to buy a Big Mac? These may seem like simple and...
Abusive Paper Chase
PROSECUTING DONALD TRUMP AND HUNTER BIDEN In the last two weeks, Americans have seen prosecutorial abuse in the legal cases against former President Donald Trump and President Biden’s son Hunter. The state is given the power to protect both person and property, but...
Is there Any Way out of the Global Debt Crisis?
MOST COUNTRIES WILL SUFFER MISERY FROM GOVERNMENT FISCAL MELTDOWN Elon Musk sees a future where no one works other than doing work as a hobby, and artificial intelligence and robots do all of the work, which would require universally high incomes. People could choose...
Tyranny of Fauci and the Experts
COVID-19 MISINFORMATION CAMPAIGN Last week, a House committee revealed emails from David Morens, who worked under Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases. The emails further indicate a cover-up as to the origins...
What Britain Needs to Do to Spur Growth and Prosperity
LONDON — What happened? The British Conservative Party has been in power for the last 14 years but seems on the verge of losing in a big way. At one point, particularly after Margaret Thatcher won in 1979, the Conservatives seemed to have principles they believed in....
Hard Economic Lessons from Germany that Many Americans Seem to have Forgotten
One hundred years ago, the Germans suffered horrible hyperinflation. From a value of 4.2 to the dollar in 1914, the German mark depreciated to 4.2 trillion to the dollar by November 1923. In essence, financial assets became worthless. That experience was so searing...
Stop Whining About Liberal Media
REPUBLICANS MUST BUILD OR BUY AN ADVANTAGE Do you just whine about problems, or do you try to solve them? For decades, many people complained and demanded that the government do something about automobile air pollution. Those in government had no clue on how to create...
RIP, Ivy League Schools
WHAT WOULD EISENHOWER HAVE DONE ABOUT COLUMBIA UNIVERSITY? They have learned nothing! As I write this, Columbia University and others continue in chaos, depriving serious students of what they have paid for. Many have forgotten, if they ever knew, that President...
End NPR ‘Money Laundering’
PUBLIC RADIO GETS FUNDING FROM THE GOVERNMENT, TAXPAYERS, FOUNDATIONS AND FOREIGN CORPORATIONS Money laundering most often refers to attempts to hide the criminal source of money. But it can also be used to describe making legal money transfers between parties...
Biden Admin Has Few Choices to Reduce Inflation
Why do the smartest people in the world (at least in their own minds) keep getting surprised? This past week, the most common measure of inflation rose, even though official Washington (the Fed, Biden Treasury, White House) told us it would fall. Inflation is often...
The Importance of High Standards in a DEI-Driven Culture
Why is Honduras so much poorer than the U.S. and even most of its Latin American neighbors? I posed that question to a friend who is originally from Honduras and is now a U.S. citizen. She immediately replied, “The judiciary.” (Note: Honduras is a beautiful Central...
Bingeing on Free Money at Taxpayers’ Expense
“Every election is a sort of advance auction sale of stolen goods.” — H.L. Mencken What ever happened to fiscal discipline? It seems that each week, President Biden announces another group, such as government employees, will have their college debts forgiven — even...
Debt Crisis
U.S. INCREASINGLY RELIES ON POORER COUNTRIES TO FUND ITS WELFARE PROGRAMS The U.S. and other rich countries are increasingly funding their government debts by sucking savings from those in poorer countries. This is starving much of the world of needed investment...
Are You Part of a Ponzi Scheme?
NEW BOOK PROVIDES ROAD MAP FOR AMERICA TO AVOID ECONOMIC COLLAPSE Greece, Argentina, and the old Soviet Union had governments that were Ponzi schemes that eventually went bust. A Ponzi scheme, named after the swindler Charles Ponzi (1882-1949), is an investment fraud...
Biden Is Ultimately Responsible for ‘Shrinkflation’
Mystery solved. What has President Biden been doing in the unusual amount of time he spends without anything on his schedule? By his own words, we know he is counting the number of potato chips and other snack foods in a bag — and by golly, he has promised to stop...