Commentary The U.S. dollar enjoys its world reserve currency status due to numerous factors: legal and investor security, an open and transparent market, as well as independent institutions with checks and balances that limit political power and strengthen the country’s currency in relative terms. No, a country doesn’t have a world reserve currency due to…
Demographic Collapse: The Unforeseen Consequences of Modern Dating Culture
Commentary We tend to overuse the term “existential” crisis. Politicians and self-described cultural leaders in the mainstream media and Hollywood are particularly guilty of being Chicken Littles. They tell us that unless we adopt economy-destroying policies, climate change will doom us to mass starvation, flooded coastal cities, and a constant barrage of category-five hurricanes. Some…
Pandemic Fantasies Hit Hard Reality
Commentary This weekend, under the auspices of Brownstone Institute, two dozen writers and scholars—lawyers, doctors, essayists, scientists—gathered to come to terms with what happened over three years. At some point, all of us realized that no one in the room is today doing anything like what we were doing three years ago. Most everyone there…
Violent Attacks on Police Officers Are Increasing
Commentary Working as a police officer is dangerous. According to a report published by ISHN, a magazine dedicated to health and safety, “compared with the average job nationwide, based upon the workplace fatality rate,” working as a police officer is 4.1 times more dangerous. Police officers now have a workplace fatality rate “similar to maintenance…
Sovereign Cryptocurrency: A Grim Future of Control
Commentary Sovereign digital currency will give the government complete control over the economy of people’s private lives. The British government announced that it would be phasing in a sovereign cryptocurrency. It also said that citizens would be limited to 20,000 digital pounds. The motivation to move toward a national cryptocurrency backed by the Bank of…
The EU Tries to Have It Both Ways With China
February 20, 2023
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Business & MarketsBusiness Columnistschina tradeEuropean Union (EU)Opinionsolar panelsThinking About Chinau.s.
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Commentary As Washington steps up pressure on China and shows every intention of decoupling the U.S. and Chinese economies, the European Union (EU) finds itself in a bind. Brussels clearly values China trade and does not want to lose it. At the same time, public support in Europe for China trade is narrowing, American pressure…
China Barges into the Chat Bot Arms Race
February 20, 2023
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Business & MarketsBusiness ColumnistsCCPChat BotChinaChina Business & EconomyOpinionThinking About China
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Commentary Chinese internet giants Baidu and Alibaba have joined the global artificial intelligence chat bot arms race. And yet, in a string of events eerily similar to 2020, Chinese state media quickly offered a stinging rebuke. Let’s set the stage first. The recent release of the latest version of OpenAI’s ChatGPT chat bot has brought…
Automakers and COVID Keeping Car Prices Unaffordable
Commentary Average new car prices have hit record-highs. U.S. auto prices have been increasing for years since pre-COVID. But heading into this year, there was hope that with higher inventories on the horizon and computer chip supply-chain issues behind us, prices would ease. If only that were the case. For consumers already struggling with high…
Miscellaneous Vignettes About Presidents
Commentary One Presidents’ Day tradition is the publication of surveys of various scholars and historians asking them to rank the presidents. Those polls tend to not be very illuminating; all they do is reflect the ideologies of the scholars—progressives favor progressive presidents, conservatives and libertarians favor presidents who pursued conservative or libertarian policies, and so…
‘Blame the Christians, Now!’: Law Enforcement Channel Emperor Nero
Commentary In July of 64AD, a great fire swept through the city of Rome. It broke out in the merchant shops (probably a bakery) near the Circus Maximus, and raged for more than a week. The inhabitants of the city at the time lived mostly in wooden houses and shacks, easy prey for fire. Once…
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