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Technological Innovation Is Nothing to Fear

Blog1 hour ago

Free MarketsCalculation and Knowledge

Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.

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How Central Banks Promote Money-Creation by Private Banks

Blog6 hours ago

Money and BanksMoney and Banking

Not only does fractional-reserve banking gives rise to monetary inflation it is also responsible for monetary deflation. Money created out of "thin air" can disappear as rapidly as it was created.

Power & Market Blog

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