Here’s an existential fear regarding AI: companies in the economy will invest in AI to such an extent that the result will be massive layoffs of highly-skilled, high-wage technical employees and a severe reduction in demand for routine, repetitive jobs. In addition, new college graduates and less-educated high school graduates will find a job market that isn’t looking for entry-level employees. So, while the unemployment rate rises and then soars, output will grow exponentially as automation improves efficiency.

With regard to the long-running debate between Rothbardians and modern free bankers, most prominently Lawrence White and George Selgin, the question is less a matter of technical disagreements than one regarding fundamentally divergent conceptions of money, law, and the nature of banking itself. At stake is not merely the historical interpretation of Scottish or British banking, but the deeper question of whether fractional-reserve banking can ever be reconciled with a genuinely free and non-fraudulent market order.

The Mises Institute is pleased to announce the addition of nine new Associated Scholars. (The full list can be found here.) Associated scholars are researchers and teachers in the fields of economics, history, political science, and related fields who have contributed to the Mises Institute through our various publications or through our academic conferences and similar events. Many have worked as Summer Fellows at the Mises Institute in the past.

According to Tehran Times ... 1,460 of the victims were identified as civilians.

The chart below was posted by economist Julia R. Cartwright. It shows that the top five percent of income earners paid about 60 percent of the total taxes collected by the federal government in 2023 while the bottom 50 percent made 3.3 percent of total tax payments in that year.

Listed and linked below are the readings that all students must complete before attending RGS. 

All materials are available on Mises.org free of charge, and most readings are available in multiple formats (e.g., PDF, ePub, HTML, audio). Complimentary physical copies of the readings will be available to attendees upon arrival at RGS.