Living with Risk: The COVID-19 Iceberg

Laurence Articles

Sooner or later, the threat of the novel coronavirus epidemic will fade. The virus will not be eradicated, but we will adapt and learn how to live with the risk of SARS-nCoV-2infection. (The virus will also adapt, something very much on the minds of researchers and public health officials.) Our parents, grandparents, and ancestors lived with the risk of polio, …

The Future of Liberal Democracy

Laurence Articles

Americans enjoy the economic prosperity and freedoms of its liberal democracy. But our elevated stature is threatened. As the U.S. recoils from the world, the era of U.S. dominance appears to be ending. That is an essential takeaway from Richard Haass’ modestly titled new book, The World: A Brief Introduction. If investors and their advisors, or ordinary citizens, want to …

Uncovering the Mystery Behind Innovation

Laurence Articles

Ever wonder why Americans enjoy a substantially higher standard of living than any other large country? According to Matt Ridley, it is because the liberal democracy we have nurtured over the last 250 years is the essential catalyst to foster innovation. Our high standard of living is the result of economic growth. The economy grows not just through putting more …