AI: “Existential Crisis” or Excuse for Cronyism?
As AI continues to develop, the prophets of doom claim that it will “take over” and create a dystopian society. Far from being an “existential threat,” AI is a tool that can be used for good or ill.
Cronyism and Corporatism
Displaying 141 - 150 of 640
Democracy Is Not the Same Thing as Freedom
The ruling classes insist that a country with a democratic government is also a free country. However, democracies also can be tyrannical and despotic. After all, in the final analysis, a democracy is two wolves and a sheep voting on what's for dinner.
The State Wants to Nationalize Second Mortgages. What Possibly Can Go Wrong?
As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.
Joe Biden’s Reverse Robin Hood Student Debt Cancellation
President Biden’s student loan forgiveness scheme is really Robin Hood in reverse, transferring wealth from people from lower-income groups to those who are relatively affluent.
The Fallacies of Conservative Protectionists
In its attempt to claim that the concept of free trade is full of fallacies, The American Compass builds its anti-free trade case upon fallacies.
How Washington and the Fed Caused the Commercial Real Estate Crisis
Commercial real estate in the USA is facing a major crisis which could not have been possible without the enabling of the Fed and the draconian restrictions imposed during covid. As commercial real estate prices collapse, the usual suspects call for even more bailouts.
AI: “Existential Crisis” or Excuse for Cronyism?
As AI continues to develop, the prophets of doom claim that it will “take over” and create a dystopian society. Far from being an “existential threat,” AI is a tool that can be used for good or ill.
How Bad Economic Policies Drive Out Good Entrepreneurs
Like bad money driving out good money, government intervention can also create Gresham’s law conditions for entrepreneurs. Using the political process, bad entrepreneurs can get government to regulate entrepreneurial competition out of business.
Bureaucracy: The Red Tape that Prevents Economic Growth
Contra Keynesians, who believe that government spending and bureaucracy are the keys to economic growth, it is the bureaucratic state that swallows resources and stifles entrepreneurs. The more powerful the bureaucracy, the lower the standard of living.
Milei’s Challenge to False Economists
In 1972, members of the newly created Libertarian Party wanted Murray Rothbard to be their candidate in the coming presidential run.
