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Economics

Center on Wealth, Poverty, and Morality

Space Needle

Pushback

The political ground may be starting to shift in America’s bluest cities. While San Francisco, Seattle, and Denver remain reliable Democratic strongholds, a divide is opening between the cities’ activist political elite and a liberal, but more pragmatic, majority of voters. Read More ›
Addiction
Fake Dictionary, definition of the word Addiction.

Madness and Society

At six o’clock each morning, the alcoholics, addicts, and mentally ill residents of San Donato Val di Comino, Italy, emerge from their homes and congregate—sometimes together, but mostly alone—in the cafés around the town’s main square. Some of the hardened alcoholics order an espresso with a shot of liquor, then climb into work trucks and head out to farms and construction sites. The mentally ill—who suffer predominantly from depression, bipolar disorder, and schizophrenia—order cups of coffee or sit at the patio tables emptyhanded, an indication that they have run out of cash for the month. Read More ›
A city made of circuits and lit from within
Circuit city yellow and green

COSM

The COSM Conference is a premier national summit on the converging future of technology. Held in the beautiful Pacific Northwest, COSM highlights the interplay between global innovations and the pullulating Seattle scene of some of the world’s leading tech companies confronting the fastest moving opportunities. Focusing on the “systems of the world” competing to shape our economy and society, the mission of the conference …

federal reserve facade 1
The facade of the Federal Reserve Bank.

Three Steps to Save America from Collapse

Our monetary system is broken. It’s given us low growth, a shrinking job force, inequality beyond what a healthy economy would produce, inefficiency, and the unnatural growth of finance as a portion of the economy. Our aging Federal Reserve System starves both small businesses and Silicon Valley of the capital needed to grow jobs and wages. Fed policy translates into Read More ›

Homeless-on-Bench

An Addiction Crisis Disguised as a Housing Crisis

By latest count, some 109,089 men and women are sleeping on the streets of major cities in California, Oregon, and Washington. The homelessness crisis in these cities has generated headlines and speculation about “root causes.” Progressive political activists allege that tech companies have inflated housing costs and forced middle-class people onto the streets. Declaring that “no two people living on Skid Row . . . ended up there for the same reasons,” Los Angeles mayor Eric Garcetti, for his part, blames a housing shortage, stagnant wages, cuts to mental health services, domestic and sexual abuse, shortcomings in criminal justice, and a lack of resources for veterans. These factors may all have played a role, but the most pervasive cause of West Coast homelessness is clear: heroin, fentanyl, and synthetic opioids. Read More ›
Rufo Fox News

Christopher Rufo on Fox News

Chris Rufo was featured in a Fox News piece this week on Seattle’s Homeless Crisis and why locals seem to be reaching a breaking point with the city’s lax or non-existent enforcement policies.

Chinese Yuan and US dollars on the map of China. Trade war between US and China, economic sanctions

Huawei Is an Asset, Not a Threat

Among the world’s most inspiring business voices is Ren Zhengfei, founder-philosopher of Huawei, the disruptive and now condemned Chinese telecom-equipment company. Vilified as a cat’s-paw of the Chinese government, Mr. Ren has decided to place his trust in America’s legal system and launch a court challenge to the U.S. government’s campaign against his company—and family. His daughter, Huawei chief financial officer Meng Wanzhou, is fighting extradition to the U.S. from Canada on murky charges that she helped financial institutions violate American sanctions on Iran. She has been under house arrest in Vancouver, British Columbia, since December. Read More ›
George-Gilder-Jay-Richards-Book-Party - 64 of 99

Steve Forbes Podcast with George Gilder: The Creativity of Capitalism and the Post-Google Era

Discovery co-founder George Gilder sat down with Steve Forbes on Forbes’s podcast What’s Ahead. There are not many minds that have been able to predict what’s ahead quite like Gilder who has proven to be a true visionary in economics and tech. In this conversation with Forbes, Gilder discusses his new book Life After Google: The Fall of Big Data Read More ›

Chinese Yuan and US dollars on the map of China. Trade war between US and China, economic sanctions

How the U.S. Can Solve the Current Trade Tariff Impasse With China

Trade talks between the U.S. and China have hit an impasse, but there is surprising bipartisan support for the Trump administration to stay the course on what will be a long process to resolve the full range of trade problems specific to China. Success on this first round of trade negotiations in the form of ending the tariff penalties that are at the heart of a year-old trade war, with further reduction and even elimination of tariffs on as many categories as possible, should actually be attainable in the near term. Future rounds of trade talks to find remedies for China’s intellectual property and trademark theft, national security threats, and forced technology transfer from American companies doing business in China will be far more problematic. China is already feeling the pain of our tariffs, just as American farmers are feeling the pain of their retaliatory tariffs against U.S. agricultural products. Both sides benefit from more trade with minimal tariffs that come naturally because of comparative advantage — a theory that has worked consistently since David Ricardo developed it in 1817. Read More ›