In a provocative new study, Northwestern University economist Robert Gordon argues that the U.S. may face a century of economic stagnation. Why? Because the productivity increases stemming from three industrial revolutions—steam, electricity and internal combustion, Internet—are now played out. And if that is not bad enough, Gordon identifies six "headwinds" that will further stall American economic growth, e.g., an aging population, a faltering educational system, rising income inequality, competition from globalization, stifling regulations, and the overhang of massive government and consumer debt. Reason Science Correspondent Ronald Bailey thinks that Gordon's crystal ball is a bit too cloudy.
California Tried To Fine a Company $10,000 for Ordering Blind People Ubers and Lyfts Without a Permit
GoGo Grandparent gives people without smartphones a way to use rideshare services. Regulators think that's a problem.
"There is no room in mainstream conservatism or at YAF for holocaust deniers, white nationalists, street brawlers, or racists."
"Meth. We're On It."
Regulation and litigation rule the day, but sometimes cash should be king.