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News
Recent posts and articles from IGEG fellows, advisers, experts and scholars.
Remembering the Remarkable Walter E. Williams The great professor used humorous stories to communicate important economic concepts
“When you see a big, black, luxury automobile being driven by a short, fat, balding old man with a young, beautiful blond with her arm around him, what do you immediately think about his income? This is the beauty of the free-market system, because it enables short,...
High Taxes on the Rich Never Produce Promised Revenue
Elon Musk has just passed Bill Gates and Mark Zuckerberg to become the second-richest man after Jeff Bezos — all of whom are worth more than $100 billion. It is estimated that the U.S. had approximately 834 billionaires last year worth a total of $3.5 trillion — only...
Let the COVID-19 Vaccine Wars Begin Initially, there will be more demand for vaccinations than can be supplied
Scientists have done what was thought to be impossible and that is to produce COVID-19 vaccines in a matter of months. But now the real battles begin. What is the priority for delivering the vaccine? Who gets it first — medical personnel, other first responders, the...
Calls for Shutdowns to Stop COVID-19 Are Unwarranted and Foolish
Some of presumptive President-elect Joe Biden’s advisers have advocated a new and even more extreme shutdown of the country to allegedly stop the COVID-19 virus. Much of what is advertised as public health wisdom from the political class is nothing more than nonsense...
Why Polling Is Not Rocket Science ABC and The Washington Post were all in for Biden, and their faulty poll numbers reflected that
Jeff Bezos owns both The Washington Post and Blue Origin (a company that builds rockets and space vehicles). Three weeks ago, Blue Origin successfully tested “NASA’s active landing sensor system, which will be used to build an autonomous, precise, and flexible landing...
Some Good News: Fake News Outlets will Continue to Lose Audiences after Election
When this commentary is published, we will not yet know who won the presidential race. Rather than add to the stress, here is some good news to make your life a bit happier. There had been an EU report that because of climate change, rising sea levels would cause many...
Incompetence and Ignorance Run Rampant through News Organizations Media dumbed down and politicized
We all have our biases, but there is difference between serving as a “flack” (aka PR agent) for a political campaign, organization, or a cause and holding oneself out as an objective truth seeking “journalist.” It is not just a question of semantics, because...
The Rational COVID Solution Involves a Little ‘Discrimination’
How would a benevolent dictator have handled the COVID-19 pandemic? Predictably, Joe Biden is saying Donald Trump did it all wrong and caused a couple of hundred thousand people to die needlessly – a very serious charge if true. But what was the Biden plan that...
Which Candidate do the Chinese and Russians Want to Win the U.S. Presidential Election?
President Trump has caused the Chinese immense difficulty. He was the first American president to call them out for their unfair trade practices, theft of intellectual property and military expansionism. Particularly since the revelation that they were responsible for...
Biden Presidency Bad for Media Business and America Democrat's playbook familiar to those have lived in or studied failed socialist states
Most voters have made some votes they regret — when they voted for a winner, and he or she did not live up to expectations. The situation is even worse when you convince someone to vote for a candidate who turns out to be a disaster. The person you convinced to make...
Protecting Trump from COVID-19 and Other Threats No one person is responsible for the onslaught of the pandemic, including the president
Whose responsibility was it to make sure that the president did not catch the COVID-19 virus? U.S. taxpayers spend a substantial sum to protect the president against physical threats — including biological threats, whether accidental or deliberate. The nation protects...
Follow the Rioters’ Money Trail to Stop the Chaos Several American companies and rich individuals have funded Black Lives Matter and affiliated groups
Successful countries are characterized by a fidelity to long-lasting traditions and institutions, including the rule of law. Jurisdictions characterized by few constructive traditions, weak institutions and failures to maintain the rule of law are prone to chaos. The...
Senators Must Stop Anti-Trump Foolishness and Confirm Judy Shelton’s Fed Nomination
Several European countries and Japan have negative interest rates — which means borrowers receive interest rather than pay interest on their loans. Federal Chairman Jerome Powell of the Federal Reserve said again this past week that the Fed will keep interest rates...
Worldwide Economic Freedom Threatened by Rise of Socialism in U.S.
The good news is that through 2018 the world had slowly become more economically free. For more than two decades, a country ranking of economic freedom has been produced by the Fraser Institute in Canada and many other cooperating policy organizations around the...
What do We Really Know about COVID-19? Endless revisionism about virus rather than discussions of what's known and unknown
Bad data cause bad conclusions which cause bad decisions. The medical, political and media classes have much to be embarrassed about when it comes to their statements about COVID-19. There has been endless revisionism and denial rather than forthright discussions of...
Americans Freely Finding Common Bonds with One Another Is Not Racism Is the urge to free associate (clustering) greater than the urge to integrate?
Is skin color a good predictor of income and other success among Americans? Take a look at the enclosed table, and you will notice that the highest per capita income among the large ethnic groups in the United States is from those of Asian Indian origin. Some Asian...
Unmasking Anti-Capitalist Capitalists in the Age of Black Lives Matter Business executives such as Jeffrey Immelt and George Soros forget what their task is
Some people are so out of touch with the world around them, they are shocked when others react in predictable ways to their idiocy. Goodyear tire company managed to get itself in a dust-up this past week when someone in authority at the company decided it was OK for...
Sensible Americans Flee New York and California to States with Lower Taxes and Safer Lifestyles
The smartest people (just ask them) are those who work for the big high-tech firms, investment banks and big media companies. They tend to live around San Francisco (Silicon Valley), Los Angeles, Portland, the Seattle area, New York and Chicago. For years, they have...