Economist & engineer; Asst Dir & Policy Fellow, State & Local Gov Init @HooverInst; Prev: JEC, Mercatus, OSU; Views expressed are mine & you can't have them.
Stanford University
Joined May 2012
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File this under "Yet more evidence that firm location decisions are based on region-specific advantages, not economic development subsidies"
wral.com/why-geography-doome…
Michael D. Farren retweeted
Thirty-nine years after Ronald Reagan challenged Mikhail Gorbachev to tear down the Berlin Wall, Hoover Distinguished Policy Fellow @P_M_Robinson reflects on the address he wrote as a White House speechwriter and sets out to trace its influence on the democratic movements that outlasted the Cold War.
Read more in Freedom Frequency: thefreedomfrequency.org/p/th…
Michael D. Farren retweeted
With government spending reaching 57% of GDP in France and approximately 45% in the US, Hoover economist @JohnHCochrane argues that high taxes, extensive regulation, and social benefits that discourage work contribute to economic stagnation.
Watch more: thefreedomfrequency.org/p/ca…
Michael D. Farren retweeted
This textbook has the correct take on price gouging and responding with moral outrage isn’t a counterargument.
Michael D. Farren retweeted
You can debate the magnitude of people who move for tax reasons. But if you debate the existence you lose all credibility with me. I could easily name more than a dozen people I know who have moved from high-tax jurisdictions to low-tax jurisdictions to reduce their taxes.
Michael D. Farren retweeted
Big congratulations to @joshrauh who showed you can communicate trade offs and arcane tax policy in a way that resonates with voters. A little hope economic populism isn't our future.
xitter.gq/gabriel_zucman/status/…
After spending $400 million to defeat the California billionaire tax—the largest sum ever spent by one side in a ballot initiative or midterm election—Silicon Valley billionaires have won this battle.
But they will lose this war.
It’s only a matter of time, and the Democratic wave may well accelerate this shift. 🧵
Michael D. Farren retweeted
In 1910, the infant mortality rate was 10% and life expectancy was in the 50s.
I'm so sick of this braindead nonsense.
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Michael D. Farren retweeted
I've been flipping across cable news tonight, watching a lot of interviews with candidates. And all of them mentioning groceries, and sometimes gas. But almost none of them mention housing.
Michael D. Farren retweeted
lol. A conspiracy that included the Democratic governor and the state teachers’ union. “Silicon Valley billionaires won” is about as crude as “French socialists lost.”
After spending $400 million to defeat the California billionaire tax—the largest sum ever spent by one side in a ballot initiative or midterm election—Silicon Valley billionaires have won this battle.
But they will lose this war.
It’s only a matter of time, and the Democratic wave may well accelerate this shift. 🧵
Michael D. Farren retweeted
It looks like the elections were largely a referendum on affordability, but unfortunately neither party seems particularly interested in deregulation, which is the most effective way to bring costs down.
Michael D. Farren retweeted
This election really was the Revenge of the Normies. Everyone is voting for the Democrats; no one is going for Zucman-style wealth confiscation.
Michael D. Farren retweeted
Still not called, but in a D+14 environment, in *California*, wealth taxes not only failing but a permanent wealth tax prohibition likely passing feels like something that people who tell us they know better about the will of the people should pay attention to.
Michael D. Farren retweeted
It’s strange how many progressives talk as though the US has implemented some sort of radical austerity program since FDR:
Michael D. Farren retweeted
After years at the bedsides of the dying, @RabbiWolpe describes three kinds of dying. Some deny it to the end. Some confront it and are crushed. A rare few know, confront, and accept it.
He and @EconTalker discuss Tolstoy's The Death of Ivan Ilyich. Watch the full conversation on Hoover+: hoover.org/plus/research/liv…
What if you did everything right, only to discover at the end that you lived the wrong life?
@RabbiWolpe joins Hoover Visiting Fellow @EconTalker to explore Tolstoy's The Death of Ivan Ilyich and how to live without regret.
Watch a new episode of EconTalk from the Hoover Institution, @Liberty_Fund, and @Econlib: plus.hoover.org/plus/researc…
Michael D. Farren retweeted
“The political left has long had a remarkable lack of interest in how wealth is created. As far as they are concerned, wealth exists somehow and the only interesting question is how to redistribute it.”
— Thomas Sowell
Michael D. Farren retweeted
This is why it's a bad idea to ever become dependent on China for anything at all.
This kind of bullying was always inevitable.
