Sublime

When you say progress here, what are you actually talking about? Is it just shorthand for economic growth or G.D.P.? What is progress? For, me it is something along the lines of our success in realizing a liberal, pluralistic and prosperous society, and a sense among people that their offspring can and probably will do better than they themselves h... See more

Are Facebook, Google, Apple and Amazon too powerful? Should they be broken up?

I don’t think there is a durable industry based on the idea that central banks are going to hyperinflate existing currency, and I do not think a durable industry will be built around the idea that rules requiring transparency of wealth can be circumvented.

The most important essay I read in the last month is by Lant Pritchett. He asks why the scarcest economic resources—entrepreneurial ability and technical talent—are going into automating an abundant resource: cheap labor. In the developed world, labor is expensive because of policy restrictions, and it is neither efficient nor equitable to use scar... See more

As a country, it seems that we’ve conflated the debate about how to redistribute prosperity with a debate about whether we should have prosperity at all. We can afford to have the redistribution debate only because we have the prosperity, and we have prosperity because of our combination of talent, resources, technology, and a rule of law that prot... See more