Will AI Solve Scarcity?
A Google engineer is in hot water for claiming the company's chatbot tech had become sentient. Meanwhile, Jerome Powell presumes to fight inflation technocratically, by raising the Fed Funds rate nearly a full percentage point. So is the engineer correct?
Even When There Is Inflation, the Fed STILL Fights Falling Prices
Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation. Original Article: "Even When There Is Inflation, the Fed STILL Fights Falling Prices" This Audio Mises Wire is generously sponsored by Christopher Condon.
A Perfect Storm is Brewing in Banking and Finance
Now that interest rates are rising with much further to go, the global banking system faces a crisis on a scale like no other in history. Central banks loaded with financial securities acquired through QE face growing losses, and their
Russell on the State
Bertrand Russell is one of the greatest philosophers of the twentieth century but isn’t usually studied as a social or political philosopher, though I am hardly the first to think that his contributions to these areas are underrated. He did
The Five Stages of Totalitarianism
Totalitarian societies do not become that way overnight. There are recognizable signs and stages which show how a society slides into that abyss. Original Article: "The Five Stages of Totalitarianism" This Audio Mises Wire is generously sponsored by Christopher Condon.
Jamaica’s Experience Shows That Even Draconian Gun Control Will Not Stop Gun Violence
Many are still repulsed by the monstrous actions of Salvador Ramos who brutally gunned down nineteen students and two teachers in the nation's second-deadliest mass shooting. This act of barbarity has rightly aroused intense emotions, but emotional responses to mass
Are Technology Shocks Responsible for Business Cycles? In a Word, No.
The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect. Original Article: "Are Technology Shocks Responsible for Business Cycles? In a Word, No." This Audio Mises Wire is generously sponsored by Christopher Condon.
The Biden Administration’s Ignorant Energy Policies: Higher Gas Prices Are Only the Beginning
While Americans angrily grit their teeth while filling their gas tanks, the very first United States special presidential envoy for climate said: This year, we have to implement those promises and what it means is that we have to decarbonize the
The Fair Tax Is the Tax That Will Not Die
The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax. Original Article: "The Fair Tax Is the Tax That Will Not Die" This Audio Mises Wire is generously
For Presidents, Unpopularity Is a Simple PR Problem. Biden Is No Exception
When the United States in 1982 was mired in the worst recession since the end of World War II, supporters of President Ronald Reagan were sure that they had the answer: just let Reagan be Reagan. Conservative friends of mine