Category Archive: 6b) Austrian Economics
Can We Understand AI? A Response to Jordan Peterson’s Podcast
Like snobby teenagers claim of themselves, many say that “nobody understands artificial intelligence (AI).” For example, in a recent interview between Jordan Peterson and Brian Roemmele about ChatGPT, Jordan Peterson claimed that “The system is too complex to model” and each AI system is not only incomprehensible but unique. He further claims that “some of these AI systems, they’ve [AI experts] managed to reduce what they do learn to something...
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🇺🇸 ESTADOS UNIDOS ¿SIGUE AL BORDE DE QUIEBRA?
#economia #economix #macroeconomía
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¿”IMPECABLE GESTIÓN”? SANCHEZ NOS ENDEUDA 6000 MILLONES AL MES
Con José Ramón Riera
#economix #economia #macroeconomía
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Su Sanchidad se ha enfadado porque no le votas
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The “Buy Black” Movement: Divisive or a Boon to Black Entrepreneurs?
Calls for black consumers to "Buy Black" can be interpreted as socially divisive, but they are also a way to encourage black entrepreneurs in a free market.
Original Article: "The "Buy Black" Movement: Divisive or a Boon to Black Entrepreneurs?"
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Smarter Talk Is Smarter Action
Americans have long thought of themselves as people of action.
As Leonard Read noted in his article “How to Gain Liberty,” the sentiment “I want less talk and more action” is (or at least once was) common among Americans. It even extends to situations when people recognize that their liberties are threatened. But then the question arises as to what sorts of action are appropriate in defense of our liberties:
Thus speak Americans when they suddenly...
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The Fed Is Insolvent, and That’s a Bad Thing
On this first episode of the Fed Watch Podcast, Ryan McMaken and Senior Fellow Alex Pollock talk about how the Federal Reserve has negative cash flow. The Fed will print money to "solve" the problem.
Be sure to follow the Fed Watch Podcast at Mises.org/FedPod.
Recommended Reading
"The Fed’s Capital Goes Negative" by Alex J. Pollock: Mises.org/FW_01_A
"Who Owns Federal Reserve Losses and How Will They Impact...
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Dirk Müller: Künstliche Intelligenz – Die totale Kontrolle wird real
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#dirkmüller #künstlicheintelligenz #überwachung #kontrolle #ki...
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Understanding Relationships between Money Supply and Liquidity
Can the injection of new money into the economic system enhance economic growth? Not really. Increasing (or decreasing) the money supply affects the demand for money but doesn't make us wealthier.
Original Article: "Understanding Relationships between Money Supply and Liquidity"
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A Collection of the Political Writings of William Leggett, Two Volumes
A Collection of the Political Writings of William Leggett, selected and arranged, with a preface, by Theodore Sedgwick, in two volumes. (1839)
This collection provides important example of populist laissez-faire opinion from the Jacksonian Era in the United States. In terms of economic policy, the Jacksonians favored low taxes, decentralization, and hard-money while opposing central banks and regulation of private business.
William Leggett was born...
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The Economic Nationalists Are Wrong: Free Trade Means Freedom and Prosperity
Recently, I had the pleasure of attending a debate about the morality of capitalism between James Otteson and Michael Anton, a defender of economic nationalism. Otteson made a good case for capitalism; however, Anton derailed the debate by choosing to focus on specific policies rather than ethical concerns. Ironically, Anton admits that he has hardly ever picked up an economics textbook.
Throughout the debate, Anton made claims that were either...
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Dirk Müller: Wohlstandsverzicht für (fast) alle
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#dirkmüller #wohlstand #verzicht #konsum #cashkurs...
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The Putrid Underbelly of Woke Capitalism
American corporations are lavishing billions of dollars on leftist groups in the name of "equity." But many of them also are donating to even more questionable people and causes.
Original Article: "The Putrid Underbelly of Woke Capitalism"
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The Street of the Palaces
[In this 1836 editorial, William Leggett laments how Wall Street and the "privileged" orders of the American upper class employ the power of the state to protect their own financial interests at the expense of ordinary taxpayers. In the nineteenth century, Leggett was an important spokesman for the laissez-faire, populist wing of the Democratic Party which supported hard money.]
There is, in the city of Genoa, a very elegant street,...
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Individualism in the US Has Helped Make It an Economic Success
Immigration has raised concerns in some about America’s demographic future. Some propose that an influx of migrants with foreign worldviews will fracture American society. This argument is based on the finding that the diversity generated by immigration deters social trust.
Trust is a crucial ingredient for societies to thrive by establishing collaborative institutions. Trusting societies are more cooperative and innovative because when people...
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NO HAY ALTERNATIVA AL DÓLAR. Lacalle Sin Filtros
#dólar #china #materias primas #petróleo
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The Failure of Public Works and Public Funding
Shoddy service, regular breakdowns, and overbudget to boot. There is a reason why government-funded projects always waste resources.
Original Article: "The Failure of Public Works and Public Funding"
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Higher Corporate Profit Margins Aren’t Causing Inflation
It is hard to ignore the headlines about US corporate profit margins stabilizing at their highest level in decades. This information has provided plenty of ammunition for populist commentators and politicians who blame corporate greed for the sharp increase in postcovid consumer prices and ignore the elephant in the room, which is a more than 40 percent increase in broad money supply after March of 2020 mostly due to central bank balance sheet...
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Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics
The Biden administration has decided that the REAL problem with housing is that the wrong people are saving money and making timely mortgage payments. They must be punished.
Original Article: "Biden’s New Intersectionality: Where Equity Policies Meet Bad Economics"
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