Capitalism

The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.

The New York Times claims that the “administrative state”—that is, governance by unelected bureaucrats—protects our country and enhances democracy.

In a world characterized by genuine uncertainty rather than mechanical predictability, analytic reasoning provides a form of epistemic certainty that empirical observation alone cannot secure.

For more than two centuries, the doomsday crowd has claimed that capital development will create mass unemployment. And for two centuries, they have been wrong. The same goes for artificial intelligence.

Thanks to massive government intervention, modern capitalism hardly reflects the free market economy built up by entrepreneurs. What matters now in the business world is the access to those with political power.

A growing chorus of technologists and futurists now argue that scarcity is ending. The future may be post-old-scarcity but it will not be post-scarcity.

Dr. Peter Klein explores whether AI can ever replace human entrepreneurs and central planners, arguing from Mises’ calculation problem that even “thinking machines” can only mimic, not originate, the real-world judgment and ownership that markets require.

Whatever positive economic changes the Milei government might have made in Argentina, the country is still not attractive for new capital investment.

AI is not the killer—it is the coroner.

AI is not the killer—it is the coroner.