Wall Street Journal (April 10)
“The U.K. and U.S. economies are recovering, and pessimistic predictions that fiscal consolidation was incompatible with economic recovery have turned out to be comprehensively wrong,” writes George Osborne. The UK’s chancellor of the exchequer is equally upbeat that the both countries will surpass the “gloomy arguments” being put forth by pessimists of secular stagnation. Free markets continue to be the “engines of progress…. we can secure lasting economic growth and ensure that all of our citizens benefit.”
Tags: Chancellor, Citizens, Economies, Free markets, George Osborne, Growth, Predictions, Progress, Recovering, Recovery, Secular stagnation, U.K., U.S., Upbeat
Forbes (July 16)
Free markets and technology promote competition, revolutionizing one industry after another. “The legal profession is also starting to get hit by the whirlwinds of what Joseph Schumpeter called creative destruction. There’s a proliferation of legal apps that show you how to write wills and take care of other such tasks without the bother and expense of an attorney. There will soon be numerous businesses with low-paid lawyers manning call centers to answer any questions. Entrepreneurs in India will also train individuals to handle routine legal matters in the U.S., via the Web and phone. State bar associations will howl, but strictures preventing individuals from taking bar exams without first completing law school will be undermined by the Web.”
Free markets and technology promote competition, revolutionizing one industry after another. “The legal profession is also starting to get hit by the whirlwinds of what Joseph Schumpeter called creative destruction. There’s a proliferation of legal apps that show you how to write wills and take care of other such tasks without the bother and expense of an attorney. There will soon be numerous businesses with low-paid lawyers manning call centers to answer any questions. Entrepreneurs in India will also train individuals to handle routine legal matters in the U.S., via the Web and phone. State bar associations will howl, but strictures preventing individuals from taking bar exams without first completing law school will be undermined by the Web.”
Chicago Tribune (July 15)Chicago Tribune (July 15)
American politicians “have their compression shorts in a knot over the news that the U.S. athletes competing in London will march wearing berets and blazers made in China.” They should relax. “The U.S. Olympic Committee got the outfits from Ralph Lauren, which made them in China. That’s not exactly unusual these days.” Given the economics, it’s sensible and “it’s folly to resist that reality….The Games, like international markets, are a truly global phenomenon that binds the people of the Earth together. They are no place for petty nationalism.”
American politicians “have their compression shorts in a knot over the news that the U.S. athletes competing in London will march wearing berets and blazers made in China.” They should relax. “The U.S. Olympic Committee got the outfits from Ralph Lauren, which made them in China. That’s not exactly unusual these days.” Given the economics, it’s sensible and “it’s folly to resist that reality….The Games, like international markets, are a truly global phenomenon that binds the people of the Earth together. They are no place for petty nationalism.”
Tags: China, Free markets, Nationalism, Olympics, Politicians, Ralph Lauren, U.S., Uniforms
