Ulrich Fromy

Pope Leo’s recent encyclical on Artificial Intelligence makes some good points but also has weaknesses. Ulrich Fromy explains.

Time is a unique resource in economics because we cannot create more of it and are subject to its limitations. Ludwig von Mises and the Austrians understand the role of time in economic better than most other mainstream economists.

The word “democracy” is almost sacrosanct in modern society, yet what advocates call “our democracy” is not what it claims to be. Real democracy can be found in the workings of the free market, not the political halls.