Kai-Fu Lee’s new book AI Superpowers offers many insights into the development of of AI, but too much of the book is spent chasing economic phantoms.
The FedFinancial MarketsMoney and BanksAustrian Economics Overview
The FedMoney and BanksMoney and Banking
The movement for alternative money is the result of the history of government monetary mismanagement.
Kamala Harris has promised to rule by decree if elected president. For her, Congress is little more than an advisory committee. The average voter, of course, ranks even lower than that.
Free MarketsCalculation and Knowledge
Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.
Money and BanksMoney and Banking
Not only does fractional-reserve banking gives rise to monetary inflation it is also responsible for monetary deflation. Money created out of "thin air" can disappear as rapidly as it was created.