The World War II Lesson for DOGE
A Trump revolution is poised to unleash the innovative and productive power of the private sector, transforming the federal government. If it happens, Americans will witness the most significant change in the operation and philosophy of governance in 120 years. Fortunately, the precedent for this kind of transformation occurred more than 70 years ago, when American private industry mobilized to win World War II.
Continue reading the entire piece here at The Wall Street Journal (paywall)
Arthur Herman is a senior research fellow at the Civitas Institute and a senior fellow at Hudson Institute where his research programs analyze defense, energy, and technology issues.
Economic Dynamism
Automated Detection of Emotion in Central Bank Communication: A Warning
Can LLMs help us better understand the role of emotion in central bank communication?
Defending Technological Dynamism & the Freedom to Innovate in the Age of AI
Human flourishing, economic growth, and geopolitical resilience requires innovation—especially in artificial intelligence.
Firm Investment and the User Cost of Capital: New U.S. Corporate Tax Reform Evidence
This working paper analyzes the Tax Cuts and Jobs Act of 2017 to examine how corporate tax reform impacts rates of investment.
It’s Not Easy, but We Can All Learn to Think like Adam Smith
To truly understand what a dynamic economy requires, we would do well to recover the 18th-century sensibility that understood dynamism as a social and cultural phenomenon as much as an economic one.
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AI on the Brain
A new study predicts a "likely decrease in learning skills, as LLMs reduce the cognitive effort required for writing," translating to poorer long-term knowledge retention.
Escape From New York
With Mamdani rising in New York, Texas can now offer New York’s leading businesses a package deal: relocate to Texas and list on the TXSE. Call it the Texas Two-Step.
