Category

Economics

Center on Wealth, Poverty, and Morality

The Bill Walton Show: “Is War with China Inevitable?” with Adm. James Stark and Dr. Stefan Halper

In China, the U.S. confronts an adversary that saw itself as the Middle Kingdom –the center of the universe –for 3,000 years, then endured a century of humiliation and now seeks to return to what it sees as its rightful place in the world. Join Bill Walton as he and veteran Washington foreign policy experts Dr. Stefan Halper and Adm. James Stark discuss China’s comprehensive program to Read More ›

The Bill Walton Show: “Burn the Business Plan” with Carl Schramm

An entire industry – mostly government-funded – has sprung up around the idea of creating entrepreneurs. Don’t buy any of it. Don’t buy college. Don’t buy business incubators. Don’t buy mentors – you probably know more about what it takes to succeed in your business than they do. Start the business. As Carl Schramm and I discussed on “The Bill Read More ›

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Universal Basic Income? Fear of AI Fuels a New Argument for Socialism

With Alexandria Ocasio-Cortez and other Democratic candidates for president floating wilder trial balloons than a psychedelic circus, I’m surprised they have not (yet) picked up on the universal basic income (UBI). The UBI (guaranteed income for employable people who choose not to work) is far and away the favorite “solution” among those strong AI enthusiasts who expect machines to replace human work. They expect vast swaths of the country to be out of work for good. So far, the only candidate plugging UBI is entrepreneur Andrew Yang. Yang is more idea-oriented than his Democratic opponents and he has made UBI central to his presidential campaign in the key state of Iowa. His plan would offer $1,000 a month per person. I suspect it’s only a matter of time before other Democratic candidates pick up on this platform plank, on the assumption that their likely voters will imagine it as free money. Read More ›
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When “Compassion” is Contempt

The Washington legislature is one step closer to legalizing homeless encampments statewide. Last week, Democratic lawmakers passed through committee legislation, introduced by Representative Mia Gregerson, that would usurp the authority of city governments and legalize camping in all “plazas, courtyards, parking lots, sidewalks, public transportation facilities, public buildings, shopping centers, parks, [and] natural and wildlife areas” throughout the state. Read More ›
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Edging Closer to a Trade Deal

The United States and China are edging closer to finalizing a trade deal that should end the tariff penalties that are at the heart of a year-old trade war. It’s also hoped that the deal will include enforcement and penalties for China’s national security-related intellectual property (IP) theft and espionage, and provide structural changes that would end forced technology transfer and protect trade Read More ›

“What is Venture Capital and How Does It Help Drive Cutting Edge Innovation” with Dan Mindus and Brett Gibson.

Technology is creating unprecedented wealth the world over, and venture capitalists find themselves in the midst of the best opportunities. It’s an exciting time. There are about $60 billion invested per year in US firms by venture capitalists, and my guests Dan Mindus and Brett Gibson, founders of NextGen, say another $100 billion or more is sitting on the sidelines Read More ›

The Bill Walton Show: How American Medical Insurance has Failed to Keep Pace with Modern Medicine with John Steele Gordon

Did you know there was no health insurance until 1930 and that 90 percent of today’s medical care did not even exist in 1950? Yet, health insurance has not evolved to match the innovation or the demand. On this week’s edition of “The Bill Walton Show,” economic author John Steele Gordon and I discuss how our antiquated health insurance system Read More ›

The Bill Walton Show: “One Nation Ungovernable” with Wayne Crews

By some estimates, the cost of government regulation in the U.S. exceeds $2 trillion. An amazing number. And while we’re paying a fortune for existing regulations, major new ones are coming out at the rate of 3,000 per year, so fast that the White House can only do a cost-benefit analysis on less than one half of one percent of them. But there’s hope. This week on "The Bill Walton Show," Wayne Crews of CEI joins me to explain how to return the U.S. to the path of greater freedom and why “walling off the future” is critical to preserving as much liberty as possible. Read More ›