Tag Archives: Bill Gates

I grew up in Oak Ridge TN, the “atomic city.” It was where the uranium was enriched for the Hiroshima bomb. After the war, uranium enrichment found peaceful application in nuclear power plants. Many of the kids I knew growing up had dads who worked at one of the plants–X-10, Y-12, K-25–that researched and developed uranium enrichment and power plant design.After initial enthusiasm for power that would be “too cheap to meter,” nuclear power plants...

The iconic business magnate and philanthropist also dismissed “modern monetary theory” as “crazy talk”. The theory has been embraced by progressive US politicians such as Bernie Sanders and Ocasio-Cortez, and, curiously, President Donald Trump. It dictates that governments should not be concerned about deficits because they control the printing of their own currency. This leads to the conclusion that inflation should instead be managed with interest rates. Does Bill Gates implicitly advance...

Gates also took exception to “modern monetary theory,” which is an economic theory with growing prominence on the policy teams of Ocasio-Cortez, Bernie Sanders, and others. MMT, as it’s known, suggests that governments need not worry about deficits because they can simply print their own currency, and should instead manage inflation with interest rates. (You can read more about it in this Vox explainer.) What does Gates think of MMT?“That is some crazy talk,” he told me. “It will come back...

Guest Post by Jeff Mosenkis of Innovations for Poverty Action. Alex Tabarrok summarizes the story from the new book on RCTs, Randomistas, about how TOMS shoes invited an external evaluation of their program giving away shoes and discovered it wasn’t helping recipients very much. This isn’t that unusual in development, but faced with the evidence, they agreed to be named in the paper and be public about it, and tried to figure out how to use the insights to do better. (See study author Bruce...