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Not so much to be proud of. There is very little innovation in the EU. The EU is at risk of gradually becoming a large museum that foreigners visit to remind themselves of how societies that were once super innovative and created immense wealth and prosperity can gradually…
Congratulations to Philippe Aghion on receiving the Nobel Prize in economics. A proud moment for Europe and a strong reminder that innovation and openness are the foundations of our shared prosperity. Philippe’s contributions helped shape Mario Draghi’s vision for European…
🚨 2025 Nobel Prize in Economics goes to Mokyr, Aghion and Howitt 🚨 "for having explained innovation-driven economic growht" The best prize in years!
“A family of four in AZ making $600K, a married couple in WV making $580K…qualify for subsidies. Since 2021, Congress has been bribing higher-income Americans to purchase expensive Obamacare plans by hiding the plans’ true price tags using taxpayer dollars” -Ge Bai
Democrats are holding government hostage to keep subsidies that benefit *higher-income households*—sometimes those earning more than $500,000 a year. The original Obamacare subsidies aren't going anywhere. But the fearmongering continues. It's absurd.
President Trump's proposed “compact” with universities seems to contain a lot of unconstitutional restrictions on speech and association. cato.org/blog/universit… via @CatoInstitute
De minimis: "UPS is 'disposing of' U.S.-bound packages over customs paperwork problems: Shifting Trump tariffs have created a nightmare for UPS, as thousands of packages from overseas pile up at its hubs while they await customs clearance" nbcnews.com/business/busin…
How do they do it? Coal. The answer is Coal.
This is impressive…to say the least: How China Powers Its Electric Cars and High-Speed Trains nytimes.com/2025/10/11/bus… via @NYTimes
This is American Exceptionalism. 📊
The United States is home to the most foreign-born AND the most native-born scientific Nobel laureates, both by large margins:
If you're a free-market conservative and support JD Vance, you haven't been paying attention.
"A terrorist is whoever the executive branch decides to label one." @SenRandPaul explains that the president does not have authority to unilaterally blow suspected drug smugglers to smithereens: reason.pub/4ofz65P
And that's a good thing. The corporate income tax is one of the worst taxes on the books.
Corporate income taxes are $77 billion lower than last year, primarily due to the Republican tax cuts for the rich.
Reminder that tariffs have caused unambiguous increases in US retail prices. Anyone in the Trump admin who claims otherwise is lying to you.
Tariffs continue to show up in prices: • Imported goods: 6.5% above pre-tariff trends • Domestic goods: 4.5% above Updated charts and data available at pricinglab.org/tariff-tracker
From @veroderugy: At the heart of the budget standoff that has the government shut down is Democrats’ insistence on extracting a laundry list of policy changes nysun.com/article/debunk…
Health incentives. Review of Mike Cannon at National Affairs and WSJ on 340B grumpy-economist.com/p/health-incen…
After a year of huge savings promises from DOGE & tariffs, the budget deficit collapsed from $1,817 billion all the way down to ... $1,809 billion. And spending rose by $301 billion. Now, the real fun begins as the OBBBA costs ramp up. Interest costs are steeply rising too. 😳
Six Reasons to Not Extend the Enhanced Obamacare Subsidies 🔴Costs almost half a trillion dollars 🔴Welfare for the well-off 🔴Subsidizes insurance companies, not patients 🔴Rampant enrollment fraud 🔴High cost for little patient value 🔴Temporary policy should stay temporary
The Trump administration just took yet another equity stake in yet another private company, this time 10% in Alaskan miner Trilogy Metals. Sheesh. bloomberg.com/news/articles/…
Half of all US imports are used as inputs by American manufacturers. Here’s what happens when you impose a bunch of taxes on those imports:
U.S. manufacturing shrank this past September for the 7th consecutive month. straitstimes.com/business/econo…
Once again, the government taking stakes in private companies to expand its control is closer to textbook socialism than anything we saw during the Biden administration. Would be nice if more of the GOP’s socialism hawks would say so.
Billionaire Trump Donor Paulson Scores Windfall Thanks To Government’s Investment In Trilogy Metals forbes.com/sites/hanktuck…
@JohnHCochrane, économiste à @Stanford, très attentif au débat français autour de l’imposition des ultra-riches, prend position contre la taxe Zucman. ➡️ l.lexpress.fr/LGr ✍️ @ThibaultMarotte
Must-read.
In my latest Substack, I argue that business leaders mistook hacking for building. They optimized products and profits but let the ideas princples that made their progress possible decay. It’s time to rebuild the scaffolding of ideas.
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