Why increased consumption hampered America’s economic recovery

01/14/2004 Mises Wire Robert Blumen

Gerard Jackson takes on Greenspan’s insane policy of encouraging debt-funded consumption instead of allowing a liquidation of mal-investments: http://www.brookesnews.com/041201usrecession.html

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How Does Money Acquire its Value?

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Thanks to modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.

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AI Lacks the Entrepreneurial Intelligence to Plan an Economy

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Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur.

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Despite what many elites believe, AI can do many things, but it cannot successfully plan an economy. It lacks the intelligence of an entrepreneur.

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