What happened in 17th century England (a lot) - Marginal REVOLUTION
East India Company founded — 1600 Shakespeare – Hamlet published 1603 England starting to settle America – 1607 in Virginia, assorted, you could add Harvard here as well King James Bible – 1611 The beginnings of steady economic growth – 1620 (Greg Clark, JPE) Rule of law ideas, common law ideas, Sir Edward Coke – […]
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Domestic Textile Industry Crashing Because of Trade Loophole
The ‘de minimis’ exemption allows Chinese e-commerce companies Shein and Temu to deliver hundreds of millions of packages of cheap clothing without tariffs or inspections.
Called on to give an after-dinner talk at a 1961 meeting, Los Alamos physicist Darol Froman proposed a new project “without much attention to some of the practical aspects”: What if we turned Earth into a giant spaceship and drove it around? If we built a fusion rocket and fed it the moon and some damp sand, it could (in principle) carry us out of orbit. Our atmosphere would protect us from interstellar radiation, and we’d be free of the worry of our sun’s impending death. It might take 100 million years to make our way out of the solar...