Vincent Geloso, senior fellow at AIER, is an assistant professor of economics at George Mason University. He obtained a PhD in Economic History from the London School of Economics.
Follow him on Twitter @VincentGeloso
“Freer economies are able to make human capital (and self-improvement) more enticing for workers.” ~Vincent Geloso
“Occupational licensing — the costly requirement of a license to be engaged in a particular profession — has grown massively in recent decades. Many of the new regulations fall on low- and medium-income professions.” ~Vincent Geloso
“The primary focus should be on enhancing economic freedom, as it is the key mechanism that enables individuals to elevate themselves out of poverty.” ~Vincent Geloso
“This bipartisan consensus was not a middle ground, but rather a race to the bottom driven by the worst impulses of politicians and voters.” ~Vincent Geloso
“The time needed to accumulate skills and experience is considerable and few people want to have the downsides of being a CEO. Demand for such skill is increasing faster than supply, which results in growing CEO pay. It’s basic economics.” ~Vincent Geloso
“Given that the first era of globalization is tied in the imagination of many to rising and converging living standards, this argument amounts to saying that living standards could have surged earlier had free trade been more popular.” ~Vincent Geloso
“When the future looks bright and living standards are rapidly improving, old grudges and tensions lose their relevance. We end up forgetting them because the things ahead look so much more enticing.” ~Vincent Geloso
“A person born in the economically freest quartile of metropolitan areas experiences between 5 and 12 percent more intergenerational income mobility. This effect is systematically larger than the effect of income inequality.” ~Vincent Geloso
“Price controls do not stop inflation; they only make things worse. If prices are going up, it’s either because monetary policy is too loose or because the economy suffered a decline in productivity.”