In defence of billionaires
“Billionaires should not exist,” argues Vermont Senator Bernie Sanders, who has long described himself as a democratic socialist. Indeed, “every billionaire is a policy failure” is a...
The AI future is still a long way off
WASHINGTON, DC – In a recent discussion with British Prime Minister Rishi Sunak, tech billionaire Elon Musk prophesied that there “will come a point where no job is needed,” owing to advances in...
A US recession is still possible
Optimism is growing that the United States can avoid a recession. A Wall Street Journal survey of economists in July found that only 54% expect a recession in the next 12 months, down from 61% in...
The myth of income stagnation
According to the conventional wisdom, income stagnation and inequality are large and growing threats to broad-based prosperity in the United States.Many economists, journalists, business leaders, and...