Irwin Collier, Economics in the Rearview Mirror, June 7, 2016.
Excerpt from Friedman’s letter:
Of all the people you listed as potential visiting professors during Mr. Koopmans’ absence, the one that intrigued me the most was Mr. Solow at MIT. There is little doubt about his absolute ability. I read his PhD thesis early on and got to know him a little bit last summer and the year before, when he was spending time in Hanover in connection with one of Bill Maddow’s projects. I did. He has an original mind and very advanced analytical skills. My only question is whether he’s interested in economics broadly enough, which is another point you raised. And here I would like to answer with certainty “yes”, relying in part on the fact that he is flexible and can be guided. I don’t know California Dorfman personally or through his writings. My question about him is, in general, if we can take this opportunity to bring in someone who has a very different perspective and who can expand the breadth of research being done in the field of mathematical economics, the best outcome would be. It means you think you can get it. , my impression is that Dorfman is very much in the same line as Koopman’s, but again, I’m not very confident in my knowledge. As you know, I rate both Modigliani and Christ very highly, but right now, in this particular spot, I prefer Thoreau because of the better product differentiation.
DRH Comment: This is very interesting considering the fact that Thoreau seems to have mostly hated Friedman later on.
Written by Jason Furman, Peterson Institute for International Economics, September 11, 2024.
Let’s briefly discuss some aspects of it. First of all, at the world level, trade and broader globalization have contributed to an incredibly rapid and significant reduction in inequality. If we look at the inequalities between all people in the world, we erase national borders and ask how much inequality there is among 8 billion people. Looking at Branko Milanovic’s figures, all the increases in inequality between 1900 and 2000 disappeared between 2000 and 2020. A quarter century of hyperglobalization has erased a century’s worth of increases in global inequality.
Second, the question you want to ask is probably not that inequality will increase, but what will happen to the living standards of the middle class and the poor? if Trade helps everyone, but helping some people more than others may be deplorable to some extent, but you probably don’t want to stop it from happening. I think a lot of trade has this character, especially given the enormous and progressive benefits that can be derived from trade on the consumer side that I just described.
Written by Edward Hasbrouck, responsible national strategyOctober 7, 2024.
excerpt:
Less than 40% of American men who will turn 18 in 2023 have participated in the military draft, down from more than 60% in 2020, before the start of the Ukraine war.
DRH Comment: Finally some good news.
Written by C. Jarrett Dieterle; reasonOctober 12, 2024.
excerpt:
It was started by Rhiannon Deschenes of Kenduskeag, Maine. sell meals Starting in April 2022 from my home-based business, Kenduskeag Kitchen, I source many of my ingredients from neighbors who garden and homestead. In July 2022, officials from the Maine Department of Health and Human Services visited Deschenes’ home. act Unannounced inspection. Although inspectors found nothing unsanitary or problematic about Deschene’s food preparation or eating, Deschenes informed In order to operate Kenduskeag Kitchen, a “food facility license” is required, and for that purpose it is necessary to install a complete commercial kitchen at home.
A writ of enforcement was issued in October 2022, and Deschenes closed Kenduskeag Kitchen by December 2022, facing potential fines and enforcement action. Closing businesses like Kenduskeag Kitchen is particularly ironic in Maine, where the recent anti-government protests began. passed The Food Sovereignty Act was enacted and the right to food was enshrined in the constitution.
