Niall Ferguson: Israel’s Iran Strike—and America’s Strategic Weakness (Niall Ferguson)

“Although the Middle East remains beset with perennial challenges, the region is quieter than it has been for decades.” That was the confident declaration made by Joe Biden’s national security adviser, Jake Sullivan, in a 7,000-word essay published in Foreign Affairs one year ago. Unfortunately for Sullivan, the article was sent to the printer on October 2, 2023. Five days later, …

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AI, Society, and Democracy: Just Relax (John H. Cochrane)

The author argues that law and regulation have never diagnosed and prevented social, political, and economic ills of new technology. AI is no different. AI regulation poses a greater threat to democracy than AI, as governments are anxious to use regulation to censor information. Free competition in civil society, media, and academia will address any …

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A distillation of nonsense (John H. Cochrane)

New Nobel Prize winner Daron Acemoglu, interviewed at the Times of India, courtesy Marginal Revolution Given the potential for AI to exacerbate inequality, how can we redirect technology? We need to actively steer technological development in a direction that benefits broader swathes of humanity. This require a pro-human approach that prioritises enhancing worker productivity and autonomy, supporting …

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Restoring America’s Common Enterprise (Peter Berkowitz)

The United States is nine days away from a portentous presidential election that, however it turns out, promises to leave around half the nation believing that catastrophe has been narrowly averted and the rest believing that all is lost. Desperate hopes and apocalyptic fears suffuse the electorate. Significant swathes of the right and left – …

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Revitalizing the House: Bipartisan Recommendations on Rules and Process (Center for Revitalizing American Institutions, Hoover Institution)

Our Constitution has endowed power to the American people by empowering Congress, especially the representatives closest to the people—the members of the House of Representatives. To revitalize the House and reinvigorate our democracy, our bipartisan task force recommends these reforms to House rules and procedures, both to re-empower individual members and committees in lawmaking and …

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Toward a Fifth World Order (Gordon Brown and Mohamed A. El-Erian)

The world is at a crossroads, with one path leading to ever more global fragmentation and deepening crises, and the other offering a chance to pursue individual and shared prosperity through joint solutions to common problems. While the choice seems clear, the outcome depends on our ability to overhaul existing institutions. EDINBURGH – The Bretton …

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What Causes Prosperity? (Jeffrey Frankel)

Institutional and economic development generally occur simultaneously, making it difficult to know which is causing which. This year’s Nobel laureates in economics tackled this question by examining the trajectories of former European colonies, starting with the mortality rate of settlers at the time of colonization. CAMBRIDGE – Why have some countries grown rich and others …

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America’s Real China Problem (Daron Acemoglu and Simon Johnson)

Although everyone is supposed to benefit when individual countries leverage their comparative advantages, this canonical economic theory can run into problems when blindly applied to the real world. In the case of China, American leaders failed to consider why the country exhibits the strengths that it does. BOSTON – Instead of assuming that more international …

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