The exodus of human capital is a primary concern for developing countries wishing to stem the tide of emigration. Some believe that emigration prevents poor countries from capitalizing on the talents of their best people. Critics suggest that poor countries would excel if the smartest minds did not emigrate. Theoretically, this sounds plausible; however, it obscures the inspiration for emigration.

In the dynamic and ever-evolving digital landscape, open protocols have emerged as a powerful force, challenging closed-source models and reshaping industries.

Earlier this week, CNBC expressed concerns regarding artificial intelligence:

Fed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities

In today’s episode of Radio Rothbard, Mark Thornton and I both mentioned the yield curve’s inversion as an alarming indicator of a significant recession in the not-too-distant future. 

For more on why an inversion of the yield curve predicts recession can be found here and here.