I missed this earlier, but last week Peter Thiel had a long and pessimistic essay on the stalling of American innovation.
Category Archives: Economics
Should Liberals Be Skeptical?
…it is just not the protesters’ apparent allergy to capitalism and suspicion of normal democratic politics that should raise concerns. It is also their temperament. The protests have made a big deal of the fact that they arrive at their decisions through a deliberative process. But all their talk of “general assemblies” and “communiqués” and “consensus” has an air of group-think about it that is, or should be, troubling to liberals. “We speak as one,” Occupy Wall Street stated in its first communiqué, from September 19. “All of our decisions, from our choices to march on Wall Street to our decision to camp at One Liberty Plaza were decided through a consensus process by the group, for the group.” The air of group-think is only heightened by a technique called the “human microphone” that has become something of a signature for the protesters. When someone speaks, he or she pauses every few words and the crowd repeats what the person has just said in unison. The idea was apparently logistical—to project speeches across a wide area—but the effect when captured on video is genuinely creepy.
True liberals certainly should be. But most people who call themselves that these days aren’t. And of course, it’s hard to take very seriously anyone who thinks that Dodd-Frank is “the best liberal hope for improving democratically regulated capitalism.”
[Update a while later]
The Wall Street protesters have been sold a bill of goods:
The narrative that came out of these events—largely propagated by government officials and accepted by a credulous media—was that the private sector’s greed and risk-taking caused the financial crisis and the government’s policies were not responsible. This narrative stimulated the punitive Dodd-Frank Act—fittingly named after Congress’s two key supporters of the government’s destructive housing policies. It also gave us the occupiers of Wall Street.
We have to take back the narrative.
Economic Freedom In America
High-Speed Rail!
…is dead.
Good. At least it’s good that we aren’t going to waste much more taxpayer money on it.
The Second-Worst Idea Ever
That’s kind of hyperbolic, but forgiving student loans is a pretty awful idea. As was subsidizing them in the first place.
Obama’s Earplugs And Blinders
…prevent job creation. And there’s no sign that he’s going to change, so he is dooming his own reelection.
It’s The Space Settlement, Stupid
I have some Columbus Day thoughts this morning over at Pajamas Media.
NASA’s Insane Risk Aversion
My latest rant on the ISS situation, over at Open Market.
Comfortable Keynesianism
Its days are over.
Advice For The Department Of Energy
…from a former Soviet central planner.
They should listen. He has experience.