Large organizations are almost never innovators. You can quote the occasional exception, such as the Manhattan Project, but even in space exploration the ability of Elon Musk’s SpaceX, on a tiny budget, to outdistance NASA in rocket design, shows that big is generally intellectually barren. Throughout history, the periods of greatest innovation have coincided with […]

The White House’s 2019 Budget is pure fantasy, but it assumes a deficit in the year to October 2019 of $984 billion. However, Congress’s 2-year Budget deal has added at least $80 billion more spending, pushing the deficit well over $1 trillion. Since we are at the top of a business cycle, with unemployment around […]

Theresa May’s negotiations for Britain’s exit from the European Union are not going well. Time and again, she has been forced to back down, notably over an outrageous EU demand for 40 billion pounds of exit money. Since that demand, negotiations have grown no easier, as the EU has attempted to impose further outrageous conditions, […]

The announcement last week that Chinese researchers had cloned monkeys represents slow progress – it is now nearly 22 years since British researchers produced Dolly the cloned sheep. However, that delay is largely due to obstructive Western regulation, and the time taken for emerging market China to catch up to the intellectual frontier of a […]