What Happened to DOGE? | Interview: Ronald Bailey
The government is not a business. Trying to run it as a business doesn’t work.
https://www.youtube.com/watch?v=Nj0xRpWIqE4
Tag: government intervention
Before the Great Recession, “The Warning” (full documentary)
Congress was warned well ahead of time about how the lack of regulation and transparency would lead to a great crash when many big institutions were all making the same bets and making the same assumptions. Congress didn’t listen. They listened to the Ayn Rand follower Alan Greenspan instead.
https://www.youtube.com/watch?v=ZZ25uZtey34
Externalities in Theory
Externalities in Theory
https://www.youtube.com/watch?v=bmpZwTUbjjI&list=PLUl4u3cNGP62KS2YhlASvGBxxL8HgB11p&index=3
OpenAI’s Week From Hell — And Why Anthropic Is Winning
Spirit Airlines means nothing to the economy. The point of capitalism is that creative destruction helps us get good companies that sell us good products and services. It doesn’t work if you bailout the losers! It’s one thing if the fall of the company hurts the entire economy or much of the country, but Spirit doesn’t matter. The government had no business trying to bail it out.
https://www.youtube.com/watch?v=C9rXSTpd2YU
Trump administration nears deal to rescue Spirit Airlines, WSJ reports
“The U.S. government will lend Spirit as much as $500 million in exchange for warrants to take a potential stake in the carrier, according to the report.”
https://finance.yahoo.com/economy/policy/articles/trump-administration-nears-deal-rescue-150532605.html
Trump is destroying what it means to be an American.
Trump is destroying what it means to be an American.
https://www.youtube.com/watch?v=hHEoPFrZIhw
Why inequality is NOT the problem | prof. Lane Kenworthy
Studies don’t add up to supporting that inequality matters outside of the inequality itself. Instead of focusing on inequality, it’s better to focus on helping everyone live a better life than on inequality per se.
https://www.youtube.com/watch?v=ziVSakxDaPk
Why Do We Still Commute?
Distortionary subsidies helped create suburbanization and longer commutes.
https://www.youtube.com/watch?v=iKMcs9eYvq4
Apple Doubles Down on China as Trump Blinks | China Decode
The Chinese Communist Party forced Apple to lower prices on the Apple Store for Chinese residents. Trump talks big, but he lets the Chinese Communist Party push around American companies.
https://www.youtube.com/watch?v=WARSIG9iq8A
Meta Thoughts
Facebook changed its name to Meta and spent billions on the Metaverse. This was a failure. If government had done this, it would be lambasted and held up as proof that government is incompetent and can’t do things. Yet, when the private sector does this, we let it go. We shouldn’t have this double standard. In both cases, if some money isn’t wasted on failed ideas, then we aren’t trying enough new ideas.
https://www.youtube.com/watch?v=lQGDnM2fSwI