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Tag Archives: 6b) Mises.org

The Economics of the AI Revolution

In a recent article, we briefly summarized what it is that we today call artificial intelligence (AI). Whereas these technologies are certainly impressive and may even pass the Turing test, they are not beings and have no consciousness. Thus, this is neither the time nor the place to discuss philosophical issues of how to define a true or full AI—an artificial general intelligence—and whether we should recognize AI software legally as a person (after...

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Free Markets and the Antidiscrimination Principle

If we understand human rights as rights derived from the concept of self-ownership, it becomes clear that there is no such right as the right not to be discriminated against. I have a right to speak but no right to force others to listen to me or to “amplify” my voice. I am at liberty to go about my lawful business, but I have no right to force others to watch me or recognize me, much less to demand that anyone should take action to make me “feel seen.” I have the...

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Grover Cleveland: The Last Good Democrat

After the War to Prevent Southern Independence and the assassination of Lincoln the federal government was said to possess a "treasury of virtue." The Republican Party, which was the federal government, with a decades-long monopoly of power rivaled only by the Bolsheviks in Russia, made sure that the government-run schools would preach this Virtuous State Philosophy to generations of school children.And what did the Party of Virtue do with its "treasure"? A first...

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Not Altogether Honest Abe

Lincoln’s God: How Faith Transformed a President and a Nationby Joshua ZeitzViking, 2023; 313 pp.Joshua Zeitz, a contributing writer to Politico, has written a very useful book. It belongs to an increasingly common genre: books that are very favorable to Abraham Lincoln, in some cases approaching a deification of him, which nevertheless present material that show Lincoln in a less-than-flattering light.Lincoln’s God is just such a book. Zeitz has done substantial...

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Employment Falls for the Third Month In Spite of 50,000 New Government Jobs

According to a new report from the federal government's Bureau of Labor Statistics this week, the US economy added 275,000 jobs for the month of February while the unemployment rate rose to 3.9%. In what has become a predictable ritual, reporters from the legacy media were sure to declare "another strong jobs report." Heather Long of the Washington Post, who is always careful to toe the regime line, announced that "the hiring boom continues" and we are in "an...

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Understanding the AI Revolution

The artificial intelligence (AI) revolution is here, and it is bound to change the world as we know it—or so proclaims the hype following the release of OpenAI’s ChatGPT version 3.5 in November 2022, which was only the beginning. Indeed, much has happened since then with the release of the much-improved version 4.0, which was integrated into Microsoft’s Bing search engine, and the recent beta release of Google’s Gemini.Lots has since been written about what AI could...

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