1. Americans today are 20% less likely to die from cancer than we were in 1991. The death rate from cancer has fallen from 215.1 to 173.1 per 100,000. The decrease has been seen in men, women and children. Although death rates for some cancers are up, death rates for the four most common types of cancer (lung, colon, breast and prostate) have all fallen by more than 30%.
2. A second person has been cured of HIV, this time a newborn treated with triple the typical dose of antiretroviral drugs. The only person to have previously been cured of HIV was Timothy Brown, cured after a bone marrow transplant from a donor who was naturally immune. This second case holds far more promise as it is cheaper and may be easier to replicate.
3. The FDA has finally approved an early version of Geordi's visor, although the manufacturer's have opted for the name "artificial retina" instead. The device wirelessly sends images from a camera to an eye implant. The downside is that the implant requires the user to have some functioning retinal cells, so this is not a full cure for blindness. The upside is that the bulk of the device can be removed just like normal glasses, making upgrades easy.
4. Don Boudreaux continues his Cleaned by Capitalism series with an entry on "health-care products supplied quite successfully by free markets on a fee-for-service basis."
5. Once again via Mark Perry, U.S. oil production continues to grow. Texas has doubled oil production in the last three years, and is now producing more domestic oil than the entire country imports from the Persian Gulf. Christof Rühl, chief economist for BP, wrote recently, "The United States is likely to surpass Saudi Arabia in daily output very
soon, and non-OPEC production will dominate global supply growth over
the coming decade."
Furthermore, as of October 2012, the United States is producing more oil per day than every country in Central and South America combined. As recently as 2009, those countries were consistently producing 25-30% more oil than the US.
But the shale revolution isn't just here in the United States. Global oil production for the first three quarters of 2012 was 1% higher than all of 2011. Once the numbers are in for the fourth quarter, 2012 is expected to set an all-time record. For those worried that increased oil production means we'll just run out sooner, consider that ExxonMobil discovered more new recoverable oil last year than they took out of the ground--for the 19th year in a row.
6. Mark Perry and Don Boudreaux together penned a Wall Street Journal opinion piece arguing against middle class stagnation. (AEI also has a copy, in case the WSJ version is eventually paywalled.) They address the CPI's overstatement of inflation, the expansion in non-wage compensation, the large-scale entry of women into the labor force, rising life expectancy, the falling cost of "basics" like housing and food at home, and falling inequality in services like air travel and goods like consumer electronics. The piece is a wide-ranging but somewhat shallow introduction to the many lines of evidence that life is actually improving for most Americans.
Boudreaux has follow-ups to the piece here, here, here and here, including responses to some critics. Perry has follow-ups here and here. There's also more on the topic from James Pethokoukis and David Henderson.
7. Via MR, a village in India has dramatically improved agriculture yields using a method called System of Root Intensification (SRI) that focuses on soil conditions and plant density. Poor farmers in Darveshpura have set new world records for rice and potatoes, and SRI seems to improve yields for other crops as well. Some doubt the claims are legitimate, but the ease of adopting the method would allow small farmers the world over to increase their yields if the claims prove true.
8. Oliver August of The Economist recently completed a wide-ranging journey across 23 African countries. In the interview, he speaks of how easy it was to complete the journey, and says, "The main experience of travelling across Africa is one of hopefulness, one of industry, one of striving amongst the many still-quite-poor people, and one of a sense of a future that is coming closer quite quickly."
Showing posts with label Don Boudreaux. Show all posts
Showing posts with label Don Boudreaux. Show all posts
Tuesday, March 5, 2013
Thursday, January 24, 2013
Reasons for Optimism IX
1. Last week, initial jobless claims fell to a 5-year low. At 335k, jobless aid applications haven't been this low since the beginning of the recession in January 2008.
2. Don Boudreaux continues his Cleaned by Capitalism series with an entry on the washing machine. See Hans Rosling's TED talk for more on the washing machine.
3. The Slingshot water purifier, invented by Dean Kamen and backed by Coca-Cola, is expanding from initial trials in Ghana to Paraguay, Mexico and South Africa. In the video below, Kamen says, "Global organizations... work on top-down, government-to-government big programs, and we're working on the Slingshot, the little tool that David needs to take on Goliath. [...] We could empty half of all the beds in all the hospitals in the world by just giving people clean water."
4. A new study shows that official poverty statistics in the United States grossly overstate poverty. The poverty rate has declined by 25 percentage point since 1960, and 8.5 percentage points since 1980.
5. Via Mark Perry, U.S. oil production grew more in 2012 than in any other year since we started keeping track. Weekly U.S. oil production is now at it's highest point in 20 years.
6. Planetary Resources, the asteroid mining company, has released a tech update, including video of a prototype for the Arkyd-100 satellite. But perhaps I should call them an asteroid mining company, because Planetary Resources isn't the only one anymore. A company called Deep Space Industries is also targeting asteroids. Deep Space Industries plans to bring back samples weighing 50+ pounds by 2016, and to have an established mining operation by 2020.
7. Bigelow Aerospace's inflatable space station idea is getting a boost with a two-year trial as a module on the ISS.
8. TSA has cancelled its contract with Rapiscan, the makers of the naked scanners. All naked scanners will be removed from airports by June. They will be replaced by scanners that do not show such fine detail. While the health concerns remain, this is definitely a step in the right direction.
2. Don Boudreaux continues his Cleaned by Capitalism series with an entry on the washing machine. See Hans Rosling's TED talk for more on the washing machine.
3. The Slingshot water purifier, invented by Dean Kamen and backed by Coca-Cola, is expanding from initial trials in Ghana to Paraguay, Mexico and South Africa. In the video below, Kamen says, "Global organizations... work on top-down, government-to-government big programs, and we're working on the Slingshot, the little tool that David needs to take on Goliath. [...] We could empty half of all the beds in all the hospitals in the world by just giving people clean water."
4. A new study shows that official poverty statistics in the United States grossly overstate poverty. The poverty rate has declined by 25 percentage point since 1960, and 8.5 percentage points since 1980.
5. Via Mark Perry, U.S. oil production grew more in 2012 than in any other year since we started keeping track. Weekly U.S. oil production is now at it's highest point in 20 years.
6. Planetary Resources, the asteroid mining company, has released a tech update, including video of a prototype for the Arkyd-100 satellite. But perhaps I should call them an asteroid mining company, because Planetary Resources isn't the only one anymore. A company called Deep Space Industries is also targeting asteroids. Deep Space Industries plans to bring back samples weighing 50+ pounds by 2016, and to have an established mining operation by 2020.
7. Bigelow Aerospace's inflatable space station idea is getting a boost with a two-year trial as a module on the ISS.
8. TSA has cancelled its contract with Rapiscan, the makers of the naked scanners. All naked scanners will be removed from airports by June. They will be replaced by scanners that do not show such fine detail. While the health concerns remain, this is definitely a step in the right direction.
Wednesday, January 2, 2013
Recent Reasons for Optimism VII
1. Doctors in Toronto are using ultrasound to perform brain surgery without the surgery. During the five-hour procedure, Tony Lightfoot regained his ability to use his hands without tremors as high-intensity ultrasound destroyed the tissue causing the problem. The technique can also be used to eliminate other problem tissues, including certain kinds of cancer.
2. An organization called Diagnostics for All, backed by the Gates Foundation, is producing paper-based blood tests that can diagnose liver damage within minutes at a cost of less than a penny per test. Tests for other diseases, including malaria, dengue, hepatitis and diabetes, are being developed. While they're currently working on getting these diagnostic tests to poor countries, the benefit of cheap, easy diagnostic tests for the developed world is obvious. The main hurdle now seems to be getting regulatory approval, which is easier in poor countries than in the West.
3. New estimates from the IPCC of the climate's sensitivity to CO2 suggest warming over the rest of this century will be far less than previously estimated (more here). Moreover, a new study finds, at least with wheat yields, that the benefit from higher CO2 concentrations outweighs the cost of higher temperature. What little warming actually happens may end up being a good thing after all.
4. And even if it isn't, we'll be able to adapt. Thanks to cheap air conditioning, deaths from extreme temperatures declined by 80% over the 20th century in the US. Economic growth will bring similar gains to developing countries in the 21st century.
5. Mark Perry has more examples of the increase in prosperity since the 50s, including toasters, TVs, music players, washing machines and dryers. All of these have increased in quality (quite dramatically for TVs and music players), and yet are far cheaper. Don Boudreaux is also continuing his Cataloging Our Progress series with two entries on men's wear and one based on the Sears.com homepage.
6. Also from Mark Perry, the US is now producing more oil than at any other point since 1993, and Texas oil production is higher than it's been since 1987. Also from that second link, regarding natural gas, "The United States has gone from being the highest cost major gas producer four to five years ago to the current lowest cost producer."
7. The fiscal cliff has been averted. While the deal we ended up with isn't my first best choice by any means, I think it's an improvement over the cliff. For most of us, taxes are going up a little instead of a lot, as the Bush cuts were made permanent for most people while the payroll tax is going back up.
2. An organization called Diagnostics for All, backed by the Gates Foundation, is producing paper-based blood tests that can diagnose liver damage within minutes at a cost of less than a penny per test. Tests for other diseases, including malaria, dengue, hepatitis and diabetes, are being developed. While they're currently working on getting these diagnostic tests to poor countries, the benefit of cheap, easy diagnostic tests for the developed world is obvious. The main hurdle now seems to be getting regulatory approval, which is easier in poor countries than in the West.
3. New estimates from the IPCC of the climate's sensitivity to CO2 suggest warming over the rest of this century will be far less than previously estimated (more here). Moreover, a new study finds, at least with wheat yields, that the benefit from higher CO2 concentrations outweighs the cost of higher temperature. What little warming actually happens may end up being a good thing after all.
4. And even if it isn't, we'll be able to adapt. Thanks to cheap air conditioning, deaths from extreme temperatures declined by 80% over the 20th century in the US. Economic growth will bring similar gains to developing countries in the 21st century.
5. Mark Perry has more examples of the increase in prosperity since the 50s, including toasters, TVs, music players, washing machines and dryers. All of these have increased in quality (quite dramatically for TVs and music players), and yet are far cheaper. Don Boudreaux is also continuing his Cataloging Our Progress series with two entries on men's wear and one based on the Sears.com homepage.
6. Also from Mark Perry, the US is now producing more oil than at any other point since 1993, and Texas oil production is higher than it's been since 1987. Also from that second link, regarding natural gas, "The United States has gone from being the highest cost major gas producer four to five years ago to the current lowest cost producer."
7. The fiscal cliff has been averted. While the deal we ended up with isn't my first best choice by any means, I think it's an improvement over the cliff. For most of us, taxes are going up a little instead of a lot, as the Bush cuts were made permanent for most people while the payroll tax is going back up.
Tuesday, December 18, 2012
Recent Reasons for Optimism VI
While it's been awhile, I think it's time for another installment of Recent (more or less) Reasons for Optimism.
The Best of Humanity
1. Buzzfeed profiles some of the heroes of Sandy Hook. A single man embodied the worst that humanity can be and caused enormous suffering. But these six women stood up to the challenge and saved dozens of lives, some at the cost of their own.
2. Buzzfeed also has a list of "26 Moments that Restored Our Faith in Humanity." My favorites include the responses to Hurricane Sandy at #4 and #5, the man with the arthritic dog at #23, and the "parents of the year" at #24.
Health
3. This infographic, covering the leading causes of death since 1900, has some great reasons for optimism. The number one cause of death in 2010 was heart disease, but the deaths caused by heart disease have fallen steadily since their peak in the 60s, from about 370 to 193 per 100,000. Deaths from the second-worst killer, cancer, have also been falling since they peaked in the early 90s.
4. Scientists in the UK have successfully spurred nerve regeneration in paralyzed dogs by transplanting cells from the dogs' own noses to the injured areas. It remains to be seen if the technique will work in humans, but over several months, the dogs went from complete paralysis in the rear legs to being able to walk on a treadmill without assistance.
5. Jan Scheuermann, who is paralyzed from the neck down, can now operate a robotic arm using only her mind "with speeds comparable to the able-bodied" and with a 91.6% accuracy rate.
Civil Liberties
6. The Senate Judiciary Committee unanimously passed a bill that would require law enforcement to actually get warrants to read private emails, no matter how old the email is. The bill will now go to the full Senate, and if it passes there, would also need to pass the House and be signed by Obama, but at least it's a step in the right direction.
Technology
7. Self-driving cars are inching closer to reality. Ford plans to introduce cars that can drive for you in stressful stop-and-go traffic, possibly by 2015. But Volvo will beat them to the punch with cars that can drive themselves at slow speeds in 2014. Meanwhile, a company called Rio Tinto is already using ten driverless trucks to transport iron ore, with plans to expand to 150 over the next few years.
8. 3D printing is coming to a store near you, at least in Europe. Staples will be offering 3D printing services next year in The Netherlands and Belgium. No doubt the US will soon follow, if this turns out to be profitable for them. Meanwhile, Virginia Tech is providing 3D printing free for students (ht). Researchers in Britain are also having some success in printing electronics.
9. From Planetary Resources, a nearly hour-long video with a great amount of detail on the work they're doing to mine asteroids. Early in the video, Eric Anderson says, "The fact of the matter is that the population of the planet has grown a lot over the last couple hundred years, and people live longer, people live much better lives. It's really an extraordinary time to be alive. And yet, we're just at the cusp of doing some of the more incredibly exciting things that we never thought were possible before."
Some more highlights:
Economics
11. In the US, household net worth is the highest it's been since 2007, and higher than any point prior to 2006. The total value of US real estate is also on the rise for the first time since 2006.
12. Don Boudreaux is in the midst of a series of blog entries detailing how everyday items are both less expensive and higher quality today than in 1956, based on an old Sears catalog from that year. So far, he's included women's clothing, bedsheets and lawn care. Mark Perry has made similar observations using other old advertisements, including dishwashers and home entertainment.
And finally, not a reason for optimism, but rather a quote from Winston Churchill: "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
The Best of Humanity
1. Buzzfeed profiles some of the heroes of Sandy Hook. A single man embodied the worst that humanity can be and caused enormous suffering. But these six women stood up to the challenge and saved dozens of lives, some at the cost of their own.
2. Buzzfeed also has a list of "26 Moments that Restored Our Faith in Humanity." My favorites include the responses to Hurricane Sandy at #4 and #5, the man with the arthritic dog at #23, and the "parents of the year" at #24.
Health
3. This infographic, covering the leading causes of death since 1900, has some great reasons for optimism. The number one cause of death in 2010 was heart disease, but the deaths caused by heart disease have fallen steadily since their peak in the 60s, from about 370 to 193 per 100,000. Deaths from the second-worst killer, cancer, have also been falling since they peaked in the early 90s.
4. Scientists in the UK have successfully spurred nerve regeneration in paralyzed dogs by transplanting cells from the dogs' own noses to the injured areas. It remains to be seen if the technique will work in humans, but over several months, the dogs went from complete paralysis in the rear legs to being able to walk on a treadmill without assistance.
5. Jan Scheuermann, who is paralyzed from the neck down, can now operate a robotic arm using only her mind "with speeds comparable to the able-bodied" and with a 91.6% accuracy rate.
Civil Liberties
6. The Senate Judiciary Committee unanimously passed a bill that would require law enforcement to actually get warrants to read private emails, no matter how old the email is. The bill will now go to the full Senate, and if it passes there, would also need to pass the House and be signed by Obama, but at least it's a step in the right direction.
Technology
7. Self-driving cars are inching closer to reality. Ford plans to introduce cars that can drive for you in stressful stop-and-go traffic, possibly by 2015. But Volvo will beat them to the punch with cars that can drive themselves at slow speeds in 2014. Meanwhile, a company called Rio Tinto is already using ten driverless trucks to transport iron ore, with plans to expand to 150 over the next few years.
8. 3D printing is coming to a store near you, at least in Europe. Staples will be offering 3D printing services next year in The Netherlands and Belgium. No doubt the US will soon follow, if this turns out to be profitable for them. Meanwhile, Virginia Tech is providing 3D printing free for students (ht). Researchers in Britain are also having some success in printing electronics.
9. From Planetary Resources, a nearly hour-long video with a great amount of detail on the work they're doing to mine asteroids. Early in the video, Eric Anderson says, "The fact of the matter is that the population of the planet has grown a lot over the last couple hundred years, and people live longer, people live much better lives. It's really an extraordinary time to be alive. And yet, we're just at the cusp of doing some of the more incredibly exciting things that we never thought were possible before."
Some more highlights:
- 17% of near-Earth asteroids are easier to reach than the surface of the moon.
- Platinum-group metals are usually mined in concentrations of a few parts per billion and have an average price of $1500 per ounce. A single 500-meter asteroid has more of these metals than have been mined from Earth in the history of humanity.
- Anderson: "Some of the naysayers to asteroid mining say, well gee, if you bring back all the platinum, then the price will crash. And I say, great. I would love to see that. I would like to see a world of abundance."
Economics
11. In the US, household net worth is the highest it's been since 2007, and higher than any point prior to 2006. The total value of US real estate is also on the rise for the first time since 2006.
12. Don Boudreaux is in the midst of a series of blog entries detailing how everyday items are both less expensive and higher quality today than in 1956, based on an old Sears catalog from that year. So far, he's included women's clothing, bedsheets and lawn care. Mark Perry has made similar observations using other old advertisements, including dishwashers and home entertainment.
And finally, not a reason for optimism, but rather a quote from Winston Churchill: "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
Thursday, April 5, 2012
Great Recession Optimism
Art Carden at Forbes (ht Cafe Hayek) says things aren't that bad:
Carden's message that things are pretty good despite the cries of a "crisis of capitalism" reminded me of this bit on Conan where Louis C.K. says basically the same thing: "Everything is amazing right now and nobody's happy."
Even though “worst ___________ since the Great Depression” has made the rounds a few times, the sheer economic cataclysm we would have to suffer in order for average people to return to the standards of living of the 1970s—to say nothing of the Great Depression—would be many times more severe than the Great Recession.Arguing against the notion that capitalism is in crisis, he points to some of the same data that I've pointed to in the past, saying "Real per-capita Gross Domestic Product is a lot higher than it was in 1960, 1970, 1980, 1990, or 2000." He also appeals to observations about technology, including his ability to write the article on a plane, the near-ubiquity of smartphones, and even Robert Reich saying things aren't getting better in a Youtube video.
Carden's message that things are pretty good despite the cries of a "crisis of capitalism" reminded me of this bit on Conan where Louis C.K. says basically the same thing: "Everything is amazing right now and nobody's happy."
Wednesday, August 17, 2011
Trade Partners
After the third Republican debate last Thursday, I graded the debate as I had the first two. I took exception to Mitt Romney's first answer of the night:
Third, have trade policies "that work for us, not just for our opponents." (Whoa. Why are our trade partners suddenly our "opponents"?)I'm glad to see I'm not the only one who noticed that flub. Yesterday, Sallie James at CATO wrote the following (italics in original):
I’ll just interject here to say that by “opponents” I believe Mr Romney is referring to our trade partners. You know, the folks who sell us stuff and buy stuff from us.Today, Don Boudreaux echoed the sentiment with a post titled "After Posting Here, I'll Buy Lunch and a Cup of Coffee from One of My Many Opponents." He also calls Romney an "ignoramus," a word which should be used a lot more often in public discourse.
Subscribe to:
Posts (Atom)
Posts
