A good figure from the Nobel Prize Foundation’s Scientific Background to the Mokyr, Aghion and Howitt Nobel. The figure shows that firm exit rates and job destruction rates are positively correlated with growth in labor productivity; creative destruction in a nutshell.
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Democracy and Capitalism are Mutually Reinforcing
Many people argue that democracy is incompatible with capitalism but they differ on whether democracy will kill capitalism or whether...
Ian Smith’s memoir *Bitter Harvest: The Great Betrayal*
Yes he used to run Rhodesia, and yes it is costly to buy this book because no one wants to...
The ai Boom
The tiny country of Anguilla (pop 15,000) has an official country top-level domain code for the internet of .ai. Domain...
AI and the FDA
Dean Ball has an excellent survey of the AI landscape and policy that includes this: The speed of drug development...
