From Forbes.com, John Tamny says supply-siders are losing in Trump’s White House.
The Beijing-based think tank Anbound writes in the CCP’s People’s Daily‘s English language edition Global Times that the “World needs to prepare for return to gold standard as Washington disrupts financial order.”
On CNBC, Arthur Laffer discusses the moral hazard of negative interest rates.
At Bloomberg, Stephen Mihm reminds us Switzerland tried negative interest rates in the 1970s – and it got very ugly.
At Townhall, Elaine Parker reminds us there is no such thing as a free lunch.
At Forbes.com, Stuart Anderson says we should fear Trump’s “emergency powers.”
Mark Jamison at AEIdeas smartly critiques the UK Treasury’s final report of its Digital Competition Expert Panel recommendation that the UK increase its oversight of Big Tech in order to “unlock digital competition.” Jamison draws heavily on supply-side icon George Gilder’s “Life after Google: The Fall of Big Data and the Rise of the Blockchain Economy,” finding that “AI and big data have created valuable businesses, but over-reliance on them going forward could be a fatal flaw. All these tools do is calculate probabilities, which is a very thin slice of actual intelligence.”
AFP reports that World Bank Group President David Malpass said “Clean water is a key factor for economic growth. Deteriorating water quality is stalling economic growth, worsening health conditions, reducing food production, and exacerbating poverty in many countries.”