New Report Urges Congress to Embrace Competition to Revitalize U.S. Passenger Rail
The Future Is Local for Research Funding
This Should Be Trump’s Top Trade Priority
Are We Passing the Israel Test? George Gilder Appears on The Bill Walton Show
Entrepreneurs Create Abundance. Bureaucrats Create Scarcity.
The Abundance of Air Travel Since 1970
Who Is Creating More Value For Society? Jeff Bezos or Bernie Sanders?
Michael R. Strain of the American Enterprise Institute has noted: Billionaire innovators create enormous value for society. In a 2004 paper, the Nobel laureate economist William D. Nordhaus found “that only a minuscule fraction” – about 2.2% – “of the social returns from technological advances” accrued to innovators themselves. The rest of the benefits (which is to say, almost all of them) went to consumers. If Amazon founder Jeff Bezos is worth $170 billion, then according to Nordhaus, he’s created over $7.7 trillion in value for society. Bezos has made each American around $23,000 richer. But Vermont Senator Bernie Sanders thinks an innovator’s 2.2 percent is too much. Sanders tweeted “Billionaires should not exist.” Continue reading on Substack.
George Gilder Joins Bill and Cole Smead Live on A Book with Legs Podcast
From A Book with Legs Podcast: Live from the 2024 Smead Investor Oasis, venture capitalist George Gilder joins Bill and Cole Smead to discuss his latest work, “Life after Capitalism,” in which he redefines capitalism as a knowledge-based system. Gilder presents a vision of the future in which technological advances disrupt traditional capitalist structures, emphasizing innovation and knowledge over wealth accumulation. Listen here:
