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from HumanProgress.org
Education Website
Pessimists often claim that human progress is about to come to a screeching halt. They say that the resources that make progress possible are about to run out, dooming us to a reversal in living standards. The Club of Rome, along with nearly every environmentalist, tells us that incessantly, usually pointing to a supposed mineral shortage that will end civilization. The pessimists insist that everything must be recycled and that we must have a completely circular economy. Alas, they fail to understand how the mineral industry actually works. On a deeper level, they fail to understand that humans have agency. We are not merely buffeted by the natural world but can solve problems ourselves. ... Our adaptive abilities should be obvious, though they clearly are not. We’ve been adapting to resource scarcity for millennia, and the idea that we would stop today, at the pinnacle of our development so far, is a peculiar one.
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from Mises Institute
RIGHT-CENTER BIAS, MIXED
RIGHT-CENTER BIAS, MIXED
Historically, meetings of the largest economies in the world have been essential to reach essential agreements that would incentivize prosperity and growth. This was not the case this time. The G7 meeting agreements were light on detailed economic decisions, except on the most damaging of them all. A minimum global corporate tax. Why not an agreement on a maximum global public spending? The global minimum tax rate will not hurt G7 members or large technology giants, but it will devastate small and dynamic countries that need to attract capital and investment and who cannot afford to have the tax rate of global leading nations.
The idea of universal basic income (UBI) is near the peak of the hype cycle. Democrat Andrew Yang made it the flagship issue of his presidential campaign. A small industry of advocates tirelessly push arguments in its favor. I will address two in this piece. The first: the claim of permanent elimination of jobs. The second: the resulting need for income to compensate for the fall in purchasing power from the lack of work. Both rely on long-discarded economic fallacies.
from The Spokesman-Review
Newspaper in Spokane, Washington
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