Edward Conard

Top Ten New York Times Bestselling Author

  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “A full-throated defense of economic dynamism.” - The Wall Street Journal
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “Unintended Consequences offers deep and well-argued analyses on almost every issue.” - The New York Times
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
Upside of Inequality Oxford Unintended Consequences
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The Fight to Revive Europe’s Shrinking Rural Areas

Valentina Romei and Barney Jopson Financial Times
Date Posted:
July 17, 2025

Between 2014 and 2024, rural areas in the EU lost 8.3% of its population due to falling birth rates and internal migration. The OECD warns this “creates political discontent.”

In the decade to 2024, the estimated number of people living in predominantly rural EU regions fell by nearly 8mn, an 8.3% drop, while the urban population rose by over 10mn, or 6%. Regions making up about 40% of the EU’s land area and containing almost one-third of its population, are experiencing a sustained drop in residents. This is not simply a concern for those left behind in the emptying rural communities, says Lamia Kamal-Chaoui, director at the OECD’s Centre for Regions and Cities. Depopulation threatens Europe’s cultural heritage, local languages, cuisines, crafts, farmland, traditions and even national security. It carries a wider cost to society, generating “a geography of discontent, which in turn creates political discontent, social discontent, putting our democracy in danger”, says Kamal-Chaoui.

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Showing 363 articles primarily about politics
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Politicians Who Once Championed Data Centers Are Now Bashing Them

AI Summary. Public opposition to new data centers has risen above 60%, prompting bans or pauses on projects across dozens of states and localities, threatening the infrastructure investment required to sustain AI development.

Amrith Ramkumar and Sabrina Rodriguez Wall Street Journal
Date Posted:
August 21, 2026

A UPenn survey found ~60% of Americans oppose new data centers in their area, up from 49% in March. In Texas, previously supportive governor Greg Abbott halted approval of ~1,800 datacenters in the state.

A UPenn survey found ~60% of Americans oppose new data centers in their area, up from 49% in March. In Texas, previously...

Are data centers becoming too costly for communities to accept?

In November Greg Abbott declared his state the “epicenter of AI development” while announcing a $40 billion investment by Google. Less than a year later, the Republican said he halted approvals of some 1,800 new data centers worth billions of dollars. More than 60% of Americans now oppose new data centers in their area, up from 49% in March, a University of Pennsylvania poll found. The backlash is a crisis for AI companies, which are facing bans or pauses on new projects in dozens of states and localities. [The bans or pauses] pose a risk to investors heading into the 2028 presidential election, analysts at Evercore ISI said in a note to clients.

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  • This Doommaxxing Has Got to Stop — Negative economic narratives, including fear of new technology, contributed to prolonged economic downturns alongside structural failures in banking regulation, monetary policy, and trade.
  • America’s Data Center Build-Out Is Falling Way Behind Schedule — Over 60% of U.S. data center capacity planned for 2027 is not yet under construction, signaling a significant supply shortfall as demand for computing power accelerates.
  • Politics

The Rise of Anger: Emotions and Policy Views

Eva Davoine, Stefanie Stantcheva, Thomas Renault and Yann Algan Harvard University
Date Posted:
August 20, 2026
Is Database:
Database

Davoine, et al. show that angry policy-related tweets among voters rose from 34% to 46% over 2013–2025. Angry posts got ~60% more retweets, and experiments that induced anger showed it can move views on trade, immigration, redistribution and climate.

Figure 6 illustrates the monthly evolution of anger among Democratic- and Republican-affiliated X [Twitter] users. Each line reports the share of sentences classified as expressing anger within each political affiliation, and the plotted series are shown as six-month moving averages. It shows that Republican voters start with a higher baseline level of anger at the beginning of the period (about 38% compared to 27% for Democrats). Anger rises sharply for both groups after the 2016 election, but much more among Democrats. As a result, the initial partisan gap is much smaller by 2019. Both series then plateau from 2019 to 2022. Among Democratic partisans, anger declines slightly after Biden’s election but remains well above pre-2016 levels. Republican anger continues to rise during the Biden presidency, reaching approximately 50% by 2025.

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Everything Is Breaking Democrats’ Way. Is It Enough To Win the Senate?

AI Summary. Incumbent political parties face structural disadvantages when voter anger toward the status quo is high, making approval ratings and economic conditions more decisive than internal party organization in determining electoral outcomes.

Nate Silver and Eli McKown-Dawson Silver Bulletin
Date Posted:
August 13, 2026

Nate Silver’s midterm election model gives the Democrats an ~86% chance of flipping the House and a ~56% chance of flipping the Senate though Silver notes, “I’ll admit to being slightly surprised by that [Senate] number.”

Does voter anger toward the status quo matter more than party organization?

Core argument: Incumbent parties worldwide face persistent voter backlash against the status quo, compounding the electoral liability of an 80-year-old lame-duck president heading into a midterm cycle.

The Democratic Party has a whole host of problems; turning out their voters in midterms isn’t one of them. For midterm election purposes, you’d rather have a little internal disarray than have a president with a 38% approval rating on the basis of an unpopular quagmire in the Middle East and understandable voter anxiety about spiking gas prices. Not to mention voter fatigue over an 80-year-old, lame duck president at a time when the incumbency “advantage” has turned into persistent anger all around the world toward the status quo and whoever is in charge of it.

Takeaways by Macro Roundup® AI

  1. Incumbent parties worldwide face persistent voter backlash against the status quo, compounding the electoral liability of an 80-year-old lame-duck president heading into a midterm cycle.

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  • America’s Support for Capitalism Has Declined Over Last Decade — American confidence in capitalism has fallen from 60% to under 50% over the last decade, while only 12% believe democracy is working well and just 35% believe the economy offers a fair path to prosperity.
  • Zero-Sum Thinking and the Roots of US Political Differences — Surveying a large US sample, Chinoy et al built an index of “zero-sum thinking” using four questions as to whether one group’s gains come at others’ expense…
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The DSA Sweet Spot: Highly Educated, Downwardly Mobile

Nate Silver Silver Bulletin
Date Posted:
July 22, 2026
Is Database:
Database
Is Important:
Important

Silver finds that the most liberal voters are highly educated and lower-income. Only 19% of Americans with a college degree had a household income of $60,000 or less, but responders to a DSA survey were ~ twice as likely to fall into that category.

The US voters most likely to identify as “very liberal” are those with postgraduate degrees but lower-to-middle household incomes of $30K to $60K per year. This is very much also the sweet spot for the DSA. In the DSA’s most recent member survey in 2021, 80% of members aged 25 or older had bachelor’s degrees, but 45% had household incomes below $60,000 per year. This is unusual because education and income are usually substantially positively correlated. In the composite CES data, only 19% of Americans with bachelor’s degrees or higher had household incomes of $60K or below, while respondents to the most recent DSA survey [were twice as likely to fall into this category].

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AI is the Democratic Party's Next Villain

AI Summary. Anti-AI rhetoric is emerging in Democratic fundraising messaging at the same adoption rate that anti-billionaire language showed in 2019, driven by the party's progressive wing and framed not as a jobs or safety concern but as an extension of billionaire power.

Andy Hall Free Systems
Date Posted:
July 10, 2026

An analysis of Democratic party fundraising emails finds mentions of billionaires spiked in 2025 and remained elevated. Hall argues, “AI is currently entering Democratic rhetoric through the anti-billionaire frame—the oligarchy story makes AI legible as a villain.”

Is artificial intelligence becoming the Democratic Party's new wealth inequality narrative?

Core argument: Billionaire mentions in Democratic fundraising emails quadrupled to 20% post-January 2025, up from ~5% during Biden's presidency, driving economic populism.

For most of the past decade, anti-billionaire language was a niche product. Then came January 2025. In the weeks after an inauguration billionaire mentions in Democratic emails quadrupled, peaking above 20% of all emails sent and holding around 15% ever since. Anti-billionaire fundraising tactics are now a mainstay of Democratic messaging. Economic populism is widespread, particularly in the form of billionaire bashing; anti-AI populism is much, much smaller, but just starting to show signs of growth. And the way it’s growing matters. AI is not currently entering Democratic rhetoric as a jobs issue or a safety issue—it’s entering as the newest thing the billionaires are building, pushed first by the same progressive members who pioneered billionaire bashing before it conquered the rest of the party. Today, AI sits in Democratic fundraising rhetoric almost exactly where the billionaire sat in 2019—a message popular mostly with the party’s left flank, and not commonplace in the party as a whole.

Takeaways by Macro Roundup® AI

  1. Billionaire mentions in Democratic fundraising emails quadrupled to 20% post-January 2025, up from ~5% during Biden's presidency, driving economic populism.
  2. For most of the past decade, anti-billionaire language was a niche product.
  3. Democratic emails invoked billionaires in the mid-single digits through 2017 and 2018, spiked briefly to around 14% during the Warren.

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America’s Support for Capitalism Has Declined Over Last Decade

AI Summary. American confidence in capitalism has fallen from 60% to under 50% over the last decade, while only 12% believe democracy is working well and just 35% believe the economy offers a fair path to prosperity.

Aaron Zitner Wall Street Journal
Date Posted:
July 9, 2026
Is Database:
Database

A new WSJ poll finds only 35% of Americans think the assertion that “if you work hard, you’ll get ahead” still holds. Only 42% of respondents aged 18–34 think capitalism is working very or somewhat well, relative to 56% of those 65 or older.

Is capitalism losing support among Americans?

Core argument: Capitalism approval fell 10 pts to 50% over the past decade, driving erosion in confidence across core American institutions.

Americans are losing confidence in two main pillars of society: capitalism and democracy. Just under half of Americans say capitalism is working very well or even somewhat well, down from 60% who said so about a decade ago, according to a new Wall Street Journal-NORC survey. Only 35% are even fairly sure that the nation offers people the ability to get good jobs and achieve the American dream. Confidence in the nation’s system of government is even lower. Only 12% say democracy is working very well or extremely well, and a mere 16% say average citizens have considerable influence on politics. Two-thirds of Republicans said they were very proud of American history, three times the share of Democrats who said so. And Republicans in the survey stood apart in their belief in American exceptionalism, the long-held idea that the U.S. is unique or superior among nations. Nearly half of Republicans said that America stands above all other countries in the world, compared with only 8% of Democrats and 13% of independents.

Takeaways by Macro Roundup® AI

  1. Capitalism approval fell 10 pts to 50% over the past decade, driving erosion in confidence across core American institutions.
  2. Only 35% believe the U.S. offers pathways to good jobs and economic mobility, down from prior confidence levels, leading to.
  3. Republicans express 3x greater pride in American history than Democrats (67% vs. 22%), with 48% of Republicans believing America surpasses.

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  • Zero-Sum Thinking and the Roots of US Political Differences — Surveying a large US sample, Chinoy et al built an index of “zero-sum thinking” using four questions as to whether one group’s gains come at others’ expense…
  • Political Representation Gaps and Populism — Surveys in 27 European countries show that MPs’ policy views generally match those of their voters on economic issues, but are systematically to the left on…
  • Politics
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