Source: EconLog
by David Hebert

“For your decisions, there are three options: you can get the decision right or you can get it wrong. ‘But Dave,’ you say, ‘that’s only two options!’ In the following nuance lies the heart of this piece: there are two ways in which you can be wrong. You can act when you shouldn’t have or you can fail to act when you should have. Getting things right all the time is not possible. So which type of mistake are you more likely to guard against? It depends on which one will get you fired. In most government settings, the answer is biased in particular (and predictable) ways.” (05/19/26)

https://www.econlib.org/econlog/asymmetric-accountability

Source: Liberal Currents
by Janet Bufton

“Classical liberals must rejoin left liberals in fighting for emancipatory politics and against the illiberal right.” (05/19/26)

https://www.liberalcurrents.com/liberalism-reunited/

Source: Persuasion
by Tim Requarth

“In 1981, a young Steve Jobs — bearded, bespectacled, brown corduroy blazer over an open-collared shirt — sat in front of an Apple II and explained what he thought a personal computer was for. He’d read an article in Scientific American that compared the efficiency of locomotion across species. The condor, he said, came out on top. Humans ranked about a third of the way down, ‘not too proud a showing for the crown of creation.’ But then someone had the insight to test a human on a bicycle, and the cyclist blew the condor away. … The computer, he said, was ‘a 21st century bicycle’ for the mind. In the age of AI, Jobs’ quaint bicycle has received an update from Silicon Valley. With the launch of ChatGPT, gushed Microsoft CEO Satya Nadella in early 2023, ‘We went from the bicycle to the steam engine.'” (05/18/26)

https://www.persuasion.community/p/what-the-inuit-know-and-ai-doesnt

Source: Fox News
by Stephen Moore

“One of the goals of President Donald Trump’s trip to China is to help ensure continued American tech dominance. One worry is that China steals our technology. But sometimes we foolishly handicap our tech companies with bad policies here at home. An example is export controls, which are a threat to U.S. dominance and limit markets for American-made tech products. The politicians and bureaucrats have decided that they, and not the free market, are best equipped to manage the global semiconductor trade. It’s not going well. We’re still winning the chip war against China, but not by much. Even after years of stringent export controls that have crushed NVIDIA and AMD’s sales into China, recent tracking shows that the U.S. lead over China in AI has almost completely evaporated. Instead of slowing Beijing down, we have effectively subsidized the development of their domestic chip manufacturing by blocking and/or taxing their American competitors.” (05/19/26)

https://www.foxnews.com/opinion/stephen-moore-government-control-chip-sales-shocking-downside