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
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
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The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
Ignore 'Open Letters' From Economists
Don’t be swayed by “open” letters signed by well-known and well-respected scholars, experts, professors, and businessmen.
Demystifying the New Deal
Carola Binder reviews False Dawn: The New Deal and the Promise of Recovery, 1933–1947 by George Selgin
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Hydrocarbons Aren’t Disappearing
Credit ratings agencies remain enamored with the energy-transition myth — risking yet another green bubble for investors.
America's Litigation Addiction Threatens Its AI Leadership
Litigation is anything but efficient and, if state lawmakers proposing new AI liability schemes have their way, will increasingly involve disputes based on vague laws and open-ended theories of harm.
