Artificial Intelligence & the Federal Reserve
In a recent speech in Toronto titled: Generative AI, Producti
In a recent speech in Toronto titled: Generative AI, Producti
Why do people become libertarians? What attracts them to Austrian economics?
Although there has been excitement and fanfare over the recent BRICS meetings and proclamations, it is doubtful that these economies’ performance can match their rhetoric.
With the creation of the Federal Reserve in 1913, the American people began their new "partnership" with the federal government. The results were wars, inflation, and currency debasement.
President Biden is trying to entice Vietnam to enter into an alliance with the USA to try to "contain" China and its Asian ambitions. This will not end well.
While governments claim to want the well-being of their citizens, they inevitably attack the real source of prosperity: entrepreneurship.
Protectionists falsely claim that free trade provides only negative consequences to the economy while simultaneously claiming protectionism provides net benefits.
Official Washington is shocked—shocked!—at the alleged influence peddling by Senator Robert Menendez. But it is the pursuit of empire and attempts by Washington to meddle everywhere that make such peddling so profitable.
If the only antidote offered to prevent a 2008-style contraction is monetary easing, then the risk of stagflation is even higher. Without drastic cuts to deficit spending, or a recession, the likely outcome is stagflation.
Keynesians claim that the source of economic growth is consumer spending. Austrians know that net savings are the key to a growing economy.