
News
Recent posts and articles from IGEG fellows, advisers, experts and scholars.
AI Advances Enabled By Our Innovative, Laissez-Faire Economic System
“Note: This column was written by an actual person and not an artificial intelligence program.” Such disclaimers might well become common in the near future — with the advent of Open-AI’s ChatGPT, which can write essays or even term papers. Robots are rapidly taking...
Debt, Deficits and Default: U.S. should Consider Swiss Model of Spending Process Reform
What happens to a family whose yearly spending rises faster than its income? A painful day of reckoning arrives, requiring drastic cuts in its spending or a declaration of bankruptcy. What happens to a business whose debt burden grows to the point where the interest...
COVID-19 ‘Lockdowns’ Were a Deadly and Costly Mistake
NO LOCKDOWNS, EVER AGAIN The pandemic-induced “lockdowns” were a huge mistake. There has been an enormous surge in excess deaths since the advent of COVID-19, but fewer than half of these excess deaths are due directly to COVID-19, except among the elderly. According...
The ‘Experts’ Who Misled Us during the COVID-19 Pandemic
In June 2021, a 12-story beachfront condominium in the Miami suburb of Surfside, Florida, collapsed without warning, causing the deaths of 98 people. It made headlines around the world for weeks, because the event was so rare. Mankind has been constructing multi-story...
America is Showing Signs of an Early Decay
THE RISE AND FALL OF EMPIRES The history of the world is in good part the history of the rise and fall of empires. The USA (American) empire is the latest, and even though it is only a little more than 200 years old, it is already showing signs of decay, which may be...
Congress’ $1.7 Trillion Irresponsible Christmas Gift to Americans
Congress just passed a $1.7 trillion (that is trillion with a T) budget that President Biden has signed. Those who voted for it claimed it was a Christmas gift to the American people, when in actuality it was a stocking full of coal (and most people had not even been...
Despite Incompetent Leadership and Woke Doomsayers’ Predictions, Life will Get Better
THE CURRENT MADNESS SHALL PASS, AS IT ALWAYS DOES This is the time of year for good cheer and optimism. Most everything will get better — health, life spans, economic prosperity, etc. For the past three years, most of mankind has suffered directly or indirectly from...
America’s Workforce and the Law of Diminishing Returns
BIGGER ISN'T ALWAYS BETTER There is an adage: In any organization, 20% of the people do 80% of the work, and 80% of the people do 20% of the work. Elon Musk is testing this out — in that he has been reported to have fired 80% of Twitter’s workforce. Twitter is still...
The Vicious Journalists, Scientists and Politicians Who Blame Others for Their Misdeeds
Part of being a child is partially living in fantasyland — which makes the pain of growing up much easier. Believing in Santa Claus and the Easter Bunny brings a certain amount of joy. The Disney Corp. became very rich by catering to children’s fantasies (before it...
COP27’s Green Agenda will Leave Many out in the Cold This Winter
The U.N. annual climate conference (COP27) that just concluded in Egypt might have set the record for the greatest number of bad ideas ever presented at a major international conference. The expressed reason for these conferences is to solve the global-warming...
High Cost of Corruption around the World
POLITICAL SAY GOES TO VERY RICH INDIVIDUALS WHO CAN AFFORD THE 'ACCESS' TARIFF Why are some countries rich and others very poor? At the top of this list, put corruption — both policy and personal. The enclosed table contains one of the common measures of country...
How to Stop Inflation
STOP ANY NEW DEFICIT SPENDING AND ALLOW INTEREST RATES TO RISE AT MARKET LEVELS Inflation makes you rich — well, not exactly — but it can make you appear rich. As a teenager, did you dream of having a $100,000 car and a million-dollar home? A few more years of the...
Teaching Biden about Energy and Climate Change
THE GERMANS TRIED SOLAR AND WIND ENERGY – AND ARE NOW RAPIDLY BUILDING NEW COAL PLANTS Last week, President Biden attacked the coal industry. He said his administration was going “to be shutting down these plants all across America…” He also said that wind and solar...
How Much Money Should We Spend to Protect Congress, the Cabinet and Supreme Court?
THE PUBLIC OFFICIAL AND THE BODYGUARD The attack on House Speaker Nancy Pelosi’s husband, Paul, again presents the question of which public officials should receive protection and how far should it pertain to family members. Most everyone agrees that it is appropriate...
Unrestrained Government Spending is Resulting in a Money Meltdown
Those who study both the physical and behavioral sciences should have learned that there are consequences to every action — some good and some not so good — often referred to as stage II. Good chess players are able to “see” the consequences of various moves several...
The Dangers of Too Much Power in the Hands of One Person
SOLVING THE CRISIS IN GLOBAL GOVERNANCE Political instability is rising, and the citizens of the world are more fearful, with good reason. Most seek a government that guarantees protection of person and property and ensures civil liberties. At the end of the 20th...
The Never-Ending State of Rotten and Excessive Government
PERIODIC ECONOMIC REVOLUTIONS REQUIRED TO CLEAN OUT THE ROTTEN AND EXCESSIVE GOVERNMENT OSLO, Norway — Norway would be almost the ideal country if it were not a bit cold for my tastes. This country of 5½ million with almost no crime has the fourth-highest per capita...
Gore, Kerry Go after World Bank President Malpass on Global Warming Comments
Which is the correct statement: A. Almost all of the current global warming is caused by human activity. B. Human activity is having a minor effect on climate change. C. No one precisely knows how much of the current warming is caused by man? The correct statement is...