In the wake of World War II, an interesting phenomenon began to build up in the Malenesians, the island chains ranging to the southwest from Guinea to Fiji. Visiting anthropologists observed the primitive local residents were building unusual structures. They would flatten the ground in long strips, build wooden towers and construct strange bird idols.The reason they were doing this was, during the war, when Japanese and American soldiers were stationed on the islands, they would airlift resources onto the island. Sometimes, these provisions were airdropped by parachute which would sometime blow off-course and land in the jungles where the locals would retrieve them. When the war ended, the airlifted resources ceased arriving.The primitive locals, without any context to what an airplane

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Since early 2022, the big buzz in the tech industry, and among laymen in the general public, has been “artificial intelligence.” While the concept isn’t new—AI has been the term used to describe how computers play games since at least the 1980s—it’s once again captured the public’s imagination.Before getting into the meat of the article, a brief primer is necessary. When talking about AI, it’s important to understand what is meant. AI can be broken down into seven broad categories. Most of the seven are, at best, hypothetical and do not exist. The type of AI everyone is interested in falls under the category of Limited Memory AI. These are where large language models (LLMs) reside. Since this isn’t a paper on the details, think of LLMs as complex statistical guessing machines. You type in

One of the most common debates that has occurred in the United States for the past six decades is the discussion of the poverty rate. As the narrative goes, the US has an unusually high poverty rate compared to equivalent nations in the OECD (Organisation for Economic Co-operation and Development).

Tu ne cede malis, sed contra audentior ito

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