Moving to an Ownership-based Economy

Source: STASH.

Some people — Luddites, usually — lament the effects automation will have on our economy. Their fear is that robotics and AI will replace human jobs, robbing people of income.

My counter argument to these worriers is that wages and salaries are not the only sources of income. They never have been. Ownership of the means of production is also a long-established way to have income without employment.

Continue reading “Moving to an Ownership-based Economy”

We Should Be Very Worried About Joe Biden’s “Domestic Terrorism” Bill

Source: Jacobin.

Media hysteria over the non-events* of Jan. 6 is clearly a pretext for new expansions of federal power at the expense of civil liberties. Even the socialist magazine Jacobin recognizes the danger.

*The Capitol incursion was not an insurrection, it was not sedition; the protesters were not a murderous mob seeking to overthrow the U.S. government, etc.

On Richard Epstein on Regulating “Big Tech”

Source: American Institute for Economic Research.

“At the core of Epstein’s analysis is his identification of conditions under which so-called ‘big tech’ firms might be prevented by the common law from deplatforming, or refusing to platform, customers. Specifically, the law sometimes holds that firms that are monopolists have obligations to the public that are more extensive than those firms would have were they not monopolists.

Continue reading “On Richard Epstein on Regulating “Big Tech””

The Physics Behind Freedom

Source: American Institute for Economic Research.

I have long advocated the view that economics is — or can become — a pure science. The Constructal Law which the article describes may represent a small step in that direction. Or, it may be just a rich source of analogies useful in illustrating basic economic principles.

Either way, the Constructal Law is interesting in itself. It would explain, for example, why nature appears to have the attribute of intelligent design.

The ‘Good American’

Source: PJ Media.

Denis Prager is right. Democrats are exploiting the Capitol incursion as though it were the famous Reichstag fire, blaming it on their archenemy, Donald Trump, and using it to try to extinguish the Republican Party and the conservative movement.

“Though they do not risk being beaten up, are Americans in 2021 as afraid of the American left as Germans in 1933 were of the German fascists? We’re about to find out.”

Kim’s Idea

My wife, Kim, has an idea for President Trump: Assuming he isn’t pursuing other plans (martial law and such) he should offer to take over Rush Limbaugh’s radio show after leaving office.

The idea sounds brilliant to me. (It certainly proves, in case anyone needed it, that I’m not the smartest person in the world.)