A century after Mises and Hayek showed why central planning fails, technocratic fantasies of algorithmic socialism keep resurfacing.
Ezra Klein and Derek Thompson admit government is a tangle of competing interests. But they still want more of it.
The new book 'Welfare for Markets' contextualizes the centuries-long effort to disentangle social welfare investments from broken bureaucratic programs.
"We should want to live in a society where we recognize one another’s right to say 'no, thank you' to an offer — that is to say, a world where…
"Releasing labor from areas where machines have taken over has created many new possibilities." ~Art Carden
"College football fandom is a microcosm of the problem of a political economy. It shows that people are willing to pay a price to make their enemies suffer." ~Art Carden
"The labor theory of value is wrong. Just because you worked hard at something doesn’t mean you have produced anything worthwhile." ~Art Carden
"Technological innovations and falling trade barriers make many people more productive… We use this new wealth to create opportunities in high-skill, medium-skill, and low-skill occupations." ~Art Carden
"Technological innovations and falling trade barriers make many people more productive… We use this new wealth to create opportunities in high-skill, medium-skill, and low-skill occupations." ~Art Carden
"Companies like Google, Microsoft, Apple, Amazon, and OpenAI have made it so that anyone with an internet connection can access cutting-edge ideas, data, analytical tools, and the received wisdom of…