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News
Recent posts and articles from IGEG fellows, advisers, experts and scholars.
Americans Erect Statues of Leaders for Inspiration not Perfection We need more statues to honor those in the sciences, literature, business and political thought
In the name of political correctness, should the 3,200-year-old statue of the Egyptian pharaoh and slaveholder Ramesses II be destroyed? How about the 2,500-year-old statue of slave owner Socrates? Thinking people understand that it would be a travesty and an act of...
Pandemic Drastically Alters the Future Workplace Low-income workers hit hardest as workforce adapts to automation, computers and communication tools
COVID-19 is greatly speeding up the death of low-skilled or unskilled jobs. Likewise, the era of physical shopping areas with many thousands of potential customers close together is also rapidly dying due to new technologies and potential pandemics. In a normal...
The Economic Costs of Riots and COVID-19 Lockdowns Most of the onerous lockdown actions in Europe and the United States had little benefit, but cost jobs
The COVID-19 lockdowns and the riots will cause real incomes of most citizens in the United States and much of the world to be significantly lower than they would otherwise be, and personal misery to be higher. At the beginning of COVID-19, little was known about the...
Supporters of Black Lives Matter in Denial of Real-World Consequences More young black lives will be lost, gun ownership will grow and a prosperous society will decline
Those who are pushing the Black Lives Matter and related agendas are in denial about the real-world consequences. Many more, young Black lives are and will be lost (for the most part at the hands of their fellow Blacks), not fewer. It will be more difficult for Blacks...
How India, China and the U.S. Compete for Global Influence
Will China overtake the United States and will India catch up to China? The world’s three most populous countries are in an increasingly competitive struggle for global influence and domination. The incredible rise of China over the past three decades took most...
Remembering Fred Singer and Dennis Avery, Extreme Environmental Science Critics 'Live long enough for your critics to admit you were right'
There are a lucky few who take on the conventional wisdom of the time and then live long enough to see their skeptics and critics admit they were wrong. Most of the American Founders were so fortunate. F.A. Hayek, the great 20th century economist/philosopher, was...
How China and Jeff Bezos Benefit from BLM Protests, Businesses Burned and Monuments Destroyed
Who is funding the Black Lives Matter (BLM) protests and riots and why? As people go through life, most learn that many things are different from what they seem, and that the views and positions people have are rarely consistent with what they think is their...
Google and NBC Try to Censor Free Speech with Ad Bans for the Federalist and Zero Hedge
You are watching a football game, and at the first play after halftime, players on the losing team pepper-spray players of the other team, incapacitating them. All would be outraged because of the unfair and deplorable conduct. Everyone understands that whether it is...
New Barbarians Deny Free Speech to Others and Destroy Historical Artifacts
“Barbarians” are groups of people who engage in wanton destruction of civilized places and institutions. Barbarians are driven by a desire for others’ material goods, through theft (looting), and for power. Barbarism has a history as long as civilization. The Roman...
Politicians Use COVID-19 War to Destroy Small Businesses Big-store chains love the fact that politicians made it illegal for smaller enterprises to compete
Politicians, when they are running for office, claim they love and support small businesses — but many of them lie. Over the last three months, the political class has waged an intense war against those people who have risked their savings and countless time and...
How Much should the Government Borrow to Cover Infrastructure Costs? Begin with the principle that each infrastructure project stands on its own merits
Most economists agree that borrowing to cover current operating costs of government and involuntary transfer payments are harmful because, in part, it puts an obligation in the form of higher taxes on future generations many of whom are unborn. But there is much...
‘You Are Not Going To Die From COVID-19’ COVID-19 resources should focus on elderly with underlying conditions, set rest of humanity free
Good news (please see the accompanying table)! If you are under 65, in reasonably good health and do not have a vitamin D deficiency, you have only a tiny chance of dying from COVID-19. And if you are younger than 34, your chances of dying from the virus are so small...
Deflation or Inflation: COVID-19 Economic Chaos
Are prices going to soar or are they going to collapse as a result of the ongoing economic chaos? There are economic “experts” making the case for a coming deflation while others argue that a great inflation is coming. The market does not appear to be very concerned...
Chinese Communist Party Virus Pushes American Innovation and Automation COVID-19, while causing great misery, enlightened people to the nature of communists
The Chinese Communist Party virus (aka COVID-19) is forcing people to be innovative — and many will be constructively creative. From the rise of the Internet, workers and consumers are becoming increasingly untethered from a physical location to work or shop. This...
Government’s Short-Sighted Strategy to COVID-19 Pandemic Destroying America Importance in maintaining economic growth and liberty forgotten
Would you agree to buy a new motor vehicle without knowing the price? Of course not. Your options are many — sedan, convertible, sports car, SUV, minivan, pickup truck, etc. in many different sizes with different features, including different safety features. Most...
Eighty Percent of the Population Has Little or Nothing to Fear from COVID-19
It is wrong to restrict the freedoms of everyone, destroy economic prosperity, and in many cases deny people the opportunity to work — all in the name of “saving their lives” while, in fact, more than 80 percent of the population has little or nothing to fear from the...
Paying Workers for not Working and Businesses for not Producing Has Disastrous Consequences 'Very, very soon, the can is going to run out of road.'
You, your children and your grandchildren are going to be made much poorer than you all would have been because of the ignorance and bad decision-making of most of the world’s political leaders — all abetted by many in the global news media and health communities....
Stop the COVID-19 Shutdown Madness The crisis has caused government to strip away many basic liberties
How do you like being under house arrest? A bit of an overstatement — perhaps — but not by much. How much longer are you willing to endure it? The COVID-19 crisis has caused government — federal, state and local — to strip away many basic liberties. Do you think the...