Tyler Cowen

1 day ago | thefp.com | Tyler Cowen

The Hidden Cruelty of Capping Drug PricesLet me explain why pharmaceutical prices are higher in America—and why forcing them down is a fool’s errand. Is the Trump administration an attempt to copy what a Bernie Sanders administration would have done? Sometimes it seems that way. Earlier this week Trump announced an executive order to lower the prices of pharmaceuticals in the United States. As you may recall, this has been one of Bernie’s main policy proposals for years.

3 days ago | mercatus.org | Tyler Cowen

This is the most important essay we have run so far on the artificial intelligence revolution. I’m excited for you to read it. Given its importance, tomorrow I’ll be hosting a conversation about it with its authors, Tyler Cowen and Avital Balwit, at 4 p.m. ET. This conversation, like all our livestreams, is for paying subscribers only. (Sign up here to join our community.)And click here to mark Tuesday’s conversation in your calendar. — BariAre we helping create the tools of our own obsolescence?

1 week ago | feeds.feedblitz.com | Tyler Cowen

That is the topic of my latest column for The Free Press. Excerpt, starting with the point that the New Right has an obsession with seizing political power:There are two essential problems with yelling “Rule!”The first is that your side will not win every election. It’s a reliable assumption that, on average, “the other side,” whoever that may be, is going to win half of the time.

1 week ago | thefp.com | Tyler Cowen

Tyler Cowen: Is Classical Liberalism for Losers? For many on the right, the past decade has proven that liberalism is not strong enough to fight off illiberal challengers. They say it’s time to strike back—and use the power of the state. Are classical liberals a bunch of pathetic losers? Losers both because they have lost in the political realm, while simultaneously handing over key institutions to the illiberal left?

1 week ago | mercatus.org | Tyler Cowen

Tyler Cowen: Is Classical Liberalism for Losers? For many on the right, the past decade has proven that liberalism is not strong enough to fight off illiberal challengers. They say it’s time to strike back—and use the power of the state. Are classical liberals a bunch of pathetic losers? Losers both because they have lost in the political realm, while simultaneously handing over key institutions to the illiberal left?