Adam Smith Society

Allison Schrager discusses how recent policy proposals to lower food prices will ultimately repeat mistakes from past decades that led to shortages and market disruptions.

Restaurant companies are making multimillion-dollar bets that robots can be taught to cook. Taking a page from industries like auto manufacturing that pair automated systems with human workers to boost productivity, chains such as Chipotle, Sweetgreen and others are testing expensive bespoke machines to mix greens, cook burgers and peel avocados. 

Why do many policymakers seem to no longer care about soaring debt? Brian Riedl argues it comes down to three reasons: 1) 'Deficits don’t matter' thinking has become mainstream  2) Deficits are increasingly politicized amid problem solving gridlock  3) Deficits can’t be solved without touching the third rails of Social Security, Medicare, and middle-class taxes. 

“The median financial assets of under 25s in 2022 was $4,000, according to the Fed. But when the market turns, and odds are it will eventually because we are headed into a more volatile era, Gen Zers, under-diversified and heavy into crypto, are especially vulnerable to big losses.” Allison Schrager for Bloomberg Opinion.

Mounting geopolitical tensions have turned reindustrialization into a national security issue. The administration’s subsidies for unprofitable sectors and supply-side restrictions increase U.S. building costs and weaken national security.   To learn about how aggressive supply-side reforms can address these issues, we held a virtual discussion with Manhattan Institute fellow Stephen Miran on his City Journal piece, “How to ‘Build American’ Right."

Last month, we hosted another successful Chapter Leader Retreat. The retreat was enriched by thoughtful conversations with Marian Tupy on the importance of innovation and a free and open society, Judge Glock on regulation and industrial policy, and Allison Schrager on economic policy challenges and their implications for business.

Mounting geopolitical tensions have made reindustrialization more of a national security issue. What would be the free-market solution to these challenges? Watch the conversation with Manhattan Institute fellow Stephen Miran on his recent piece, “How to ‘Build American’ Right,” to learn about how aggressive supply-side reforms would make producing in the U.S. much cheaper: https://lnkd.in/e2HNPXjw

We hosted our second annual Capstone Retreat in Palm Beach in early March. It featured Smith Soc members in conversation with Edward Blum, Jay Newman, Michael Greenwald, Allison Schrager, and Ilya Shapiro on topics ranging from DEI to AI and more.

ICYMI: Stephen Miran joined Readers' Roundtable to discuss how the Biden administration is making it more expensive to build in the U.S. and weakening national security. What would be the free-market solution to these problems? Stephen Miran answers: https://lnkd.in/e2HNPXjw

Michael Gibson joined the Adam Smith Society to discuss his efforts—first through the Thiel Fellowship and then through his venture capital fund 1517—to undermine universities’ monopoly on bestowing credentials so as to spur innovation and economic wellbeing. Watch the full Readers’ Roundtable conversation: https://lnkd.in/ejgH7wVM