Economic Theory

Despite what the apostles of artificial general intelligence warn, there is no reason to think AGI will get here anytime soon, if ever.

Rather than proposing universal basic income as the solution to robots supposedly taking all our jobs, the task should be to improve federal worker adjustment assistance programs.

We should want companies to shed workers they no longer need. Productivity gains flow to lower prices, higher wages, and long-term growth. Don’t slow innovation—accelerate it.

A quarter century after the dot-com revolution, artificial intelligence is prompting similar waves of exuberance and alarm. History suggests AI may face short-term hiccups, but is more likely headed toward robust, sustained growth.

The culture of digital and AI opposition is a growing threat to American prosperity and power. Unless we return at least to neutrality, other nations unburdened by this self-doubt will surpass us.

Culture matters. Just as England’s discomfort with industrialization weakened its economy, today’s U.S. elite skepticism risks becoming a collective headwind against digital progress.

A report on inequality commissioned for this year’s G20 summit offers ill-advised antitrust recommendations for reducing income and wealth inequality.

A pro-worker agenda isn’t the same as a “national greatness” agenda. Workers are an interest group like any other: sometimes aligned with what’s best for the American Republic, and sometimes not.

The neo-Brandeisian movement cleverly repackages Marxist ideology under the guise of antitrust.

The EU’s move to bar major U.S. tech companies from participating in its new financial data-sharing framework (FiDA) is a protectionist proposal that would limit consumer choice, suppress innovation, and undermine FiDA’s potential benefits.