Mises Wire

Artificial intelligence has much to contribute as a consumption good and a producer’s good. However, there also are limitations in what AI can do, given it susceptible to the GIGO rule: Garbage in, garbage out.

The number of employed persons in the United States fell by 184,000, and full-time workers fell by 187,000. But Joe Biden tells us things are booming. 

Mark discusses Ludwig von Mises's important contributions to free trade theory.

The right to be able to enter into contracts with others is fundamental to free markets and a free society. That means people should be able to engage in discrimination.

The United States survived the first Great Depression, although it permanently changed the role of government. Will excessive government spending and money creation lead to Great Depression II?

What were Abraham Lincoln’s religious beliefs? Not what most Americans would think. While a scoffer for much of his life, his wartime speeches spoke of “Providence” and developed a fatalistic worldview.

The “AI” in our present real-world hype is nothing like the sci-fi “creatures” of film; AI machines are nowhere near conscious beings.

On this episode, Ryan and Tho are joined by Mark Thornton to debunk political talking points confusing the stock market with the real economy.

High debt levels function as a drag on economic growth, siphoning off resources from productive investment and stifling innovation and entrepreneurship. 

Open-borders advocates often point to the alleged openness of borders between the individual states in the USA. However, a closer look shows there are many restrictions most Americans are unaware of.