Tyler Cowen on AI Algorithms, Immigration, and Forgotten Truths
The Future of Liberty
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Lessons in Economic Memory
This chapter examines the importance of retaining historical lessons in economic policy, highlighting the impact of crises on societal memory. Through the contrasting cases of Haiti and the Dominican Republic, it illustrates the significant role of culture and governance in shaping economic futures. The discussion also addresses current economic challenges in the U.S., emphasizing the urgent need for policy reforms to foster growth and tackle rising national debt.
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