Senior Fellow @ceidotorg. Freedom, finance, and abundance. Host of the @freethe_economy podcast. Substack: greatcapitalism.substack.com. #FreeCon

Joined October 2008
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Substack has finally gone mainstream and respectable (I have joined). My account is called Great Capitalism, and my launch post is here: greatcapitalism.substack.com…

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Say it with me: Home … Equity … Still … Counts … As … Wealth!
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This is a great graph. The point is not time. The x axis is gdp per capita. The point is that growth does benefit all. The idea growth only benefits the rich is dramatically false. timely given Stieglitz, Pketty et al recent degrowth noise.
A way to see the amazing history of economic growth and declining poverty over the last two centuries.
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Princes of the Church, come get caffeinated. ✝️
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Replying to @cremieuxrecueil
Every non-trillionaire is a policy failure.
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In my latest for the WSJ, I document how the California Billionaire Tax proposition is built on a bed of statistical lies and data manipulation by Gabriel Zucman and Emmanuel Saez, the two economists who helped design the proposal.
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Mississippi taxes less than New York. Tax burden — Mississippi: 9.0% | New York: 15.9%. Lower taxes, more growth. See how you compare → MississippiWins.com
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RT @JessicaBRiedl: I finally got a chance to read this anti-growth article and its complete gibberish. Six authors reciting endless buzzwor…
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The federal broadband boondoggle is so bad that the Government Accountability Office tried to count the number of programs one year and they found 100 or so. They counted again the next year and found something like 25-30 more.
Politicians have spent billions of taxpayer dollars on duplicative broadband connectivity programs. SpaceX, a company that can credibly claim the ability to connect everyone on earth to the Internet, goes public and those same politicians spend the day demonizing its success.
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Growth is not a strategy. Growth is what happens when free people are left alone to pursue their desires, constrained by respect for others property and liberty. I don’t live to fulfill some dreamers coercive “strategy”
Six famous economists — @JosephEStiglitz , @PikettyWIL , @jasonhickel among them — published a manifesto in the @guardian last week: "growth is a doomed strategy." They say they've done the maths. I checked the maths. The claim that growth failed the poor is contradicted by the most uncontroversial dataset in economics: extreme poverty fell from 44% of humanity in 1981 to under 10% today — during the very decades they call a failure. China alone lifted 800 million people, not with a UN roadmap, but with growth. The "92% of excess emissions" statistic? It's one of the authors citing his own paper, without saying so — and it's not a measurement, it's a moral allocation dressed up as data. The policy toolkit — "public control of strategic assets," "credit guidance" — has a track record: Soviet collectivization, the Great Leap Forward, Venezuela, and Sri Lanka's 2021 fertilizer ban, which starved the poor it claimed to serve within eighteen months. What worries me most: degrowth is being marketed to young people who feel locked out — telling them their stagnation is virtue. It's a swindle. The young aren't victims of too much growth. They are the first victims of its absence. Growth is the only anti-poverty program that has ever worked.
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59 years ago today.
On this date in 1967, the Supreme Court legalized interracial marriage nationwide. Mildred & Richard Loving got married right here in DC. #LovingDay
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right-wing argument against immigration or left-wing argument for rent control call it
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Incredibly cool. A glimpse at the true power of AI (And powered by data centers btw).
When Don told us that Ray-Ban Meta glasses gave him his independence back, we knew we had to help every blind veteran in America do the same. In celebration of America’s 250th birthday, we’re humbled to share that in partnership with the @BlindedVeterans, @Tunnel2Towers, @HomesForOurTrps, and many others, we’re giving @Meta glasses to the blind veterans who have sacrificed for our country. 🇺🇸🇺🇸
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I guess no Lee Greenwood at the next DNC convention.
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There’s room for error on all sides: for populists to assume that the public hates Big Tech, for hyperscalers to assume they have a blank social license check from the public, etc. What Milan gets at is that the public likes Amazon *because Amazon provides a great service.*
Progressives are strongly critical of Big Tech platforms, but most Americans like them, per our latest polling @TheArgumentMag theargumentmag.com/p/why-eve…
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I had a great conversation w/ @AA_Millsap in Episode 19 of @freethe_economy about housing, tax reform, urban renewal, migration and competition between states: youtube.com/watch?v=NBrxtmDb…
1/2 At @aier’s Daily Economy, @FreeConTalk signatory @AA_Millsap celebrated the classical liberalism of the Founding, an essential part of what today’s American conservatives seek to preserve and expand. “The Declaration of Independence clearly articulated a set of principles that had been developing for centuries,” wrote Millsap, a senior fellow at @StandTogether Trust, “namely, that people are born free and possess an inherent right to life, liberty, and the pursuit of happiness. “Seven years later, after a long and arduous war, they realized their dream, and the United States of America began its grand experiment: a nation governed by its citizens rather than a monarch or dictator, with liberty placed firmly at its center.” #FreeCon
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