by Irwin Collier, Economics in the Rearview Mirror, June 7, 2016.
Response from Friedman:
Of the people you count as visiting professors while Koopmans is away, MIT’s Solow is the one that appeals to me the most. I have no doubts about his absolute ability: I read his dissertation early on and saw something of him last summer and the summer before when he spent some time in Hanover on one project or another of Bill Madow. He has an intuitive mind and analytical skills of the highest order. My only question would be the one you raise, whether you have enough interest in economics. And here I am inclined to answer with an unequivocal yes, partly based on the fact that he is flexible and persuasive. I do not know Dorfman from California personally or through his writings. My question about him is that I believe that we can do much better if we can use this opportunity in general to bring someone who has a different point of view and who will provide to expand the type of thing that is done under the topic of mathematical economics. , and my opinion is that Dorfman is in the same line as Koopmans – but again, I am not very confident in my knowledge. As you know, I think a lot about both Modigliani and Christ, but at the moment in this particular area, I would prefer Solow, partly for reasons of great differentiation of the product.
DRH Comment: This is very interesting because Solow seems to have almost hated Friedman later.
by Jason Furman, Peterson Institute for International Economics, September 11, 2024.
Let me quickly go through a few aspects of it. First, at the global level, trade and globalization have contributed to an incredibly rapid, dramatic decline in inequality. When you look at the inequality between all the people in the world you erase the borders of the country and ask how much inequality is there between 8 billion people? If you look at the numbers of Branco Milanovic, there is all the increase in inequality from the year 1900 to 2000 and went between 2000 and almost 2020. A quarter of a century of hyper globalization has erased a century’s worth of rising global inequality.
Second, the question you want to ask is that maybe inequality is not increasing but what is happening to the quality of life of the middle class and the poor. If trade helps everyone but it helps some people more than others which can happen to some extent, but you probably wouldn’t want to stop it from happening. I believe that most trade has had this character especially when you consider the large and continuous benefits from trade on the consumer side that I discussed earlier.
by Edward Hasbrouck, Responsible StatecraftOctober 7, 2024.
Quote:
Of US men turning 18 in 2023, less than 40% signed up for the draft – down from more than 60% in 2020 before the start of the war in Ukraine.
DRH Comment: Finally some good news.
by C. Jarrett Dieterle, The reasonOctober 12, 2024.
Quote:
Rhiannon Deschaine of Kenduskeag, Maine began making and selling food from her home business, Kenduskeag Kitchen, in April 2022—sourcing many ingredients from the family garden or neighbors. In July 2022, an official from the Maine Department of Health and Human Services showed up at Deschaine’s house to conduct an unannounced inspection. Although the inspector found nothing unsanitary or problematic about Deschaine’s food preparation or food, Deschaine was informed that Kenduskeag Kitchen needed a “food establishment license” to operate, which would require him to install a full commercial kitchen. in his house.
An enforcement order followed in October 2022, and in December 2022, Deschaine closed Kenduskeag Kitchen facing possible fines and enforcement action. Closing a business like Kenduskeag Kitchen is especially ironic in Maine, a state that recently passed the Food Sovereignty Act and enshrined the Right to Food in its constitution.
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