Is Artificial Intelligence the Next Easy-Money Bust?
While the world is abuzz over artificial intelligence (AI), present technologies are limited more than most people want to believe. The situation is ripe for malinvestments.
While the world is abuzz over artificial intelligence (AI), present technologies are limited more than most people want to believe. The situation is ripe for malinvestments.
While the world is abuzz over artificial intelligence (AI), present technologies are limited more than most people want to believe. The situation is ripe for malinvestments.
After years of relentless monetary inflation, the Fed can't fix our present inflationary malaise. The only long-term solution is sound money.
Jason Purcell joins Bob to discuss his historical analysis of yield curves (in both UK and US) going back to the 1870s, which shows that central banks do indeed manipulate short-term interest rates.
Bob critiques MMT godfather Warren Mosler's recent interview where he argued that the Fed rate hikes have been fueling the strong economy.
Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications.
Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications.
As the Fed engages in rollercoaster monetary policies, the errors that build up during the Fed-induced boom turn into a veritable “circus of errors.”
Because Keynesian theory has triumphed in the economics world, people are subject to the worst kind of government intervention in the economy. Debunking Keynes is the first step toward economic sanity.