Tag Archives: 6b) Mises.org

All too often, when we see a new technology we don't understand, our natural inclination is to condemn it. Artificial intelligence is no exception. Original Article: "Can We Understand AI? A Response to Jordan Peterson’s Podcast" [embedded content] Tags: Featured,newsletter

On this episode of Good Money with Tho Bishop, Peter St Onge joins the show to discuss this week's Fed announcement and what it means to normal Americans. Tho and Peter also discuss the political battles in DC over the future of CBDCs and the dangerous trojan horse some Republicans may be creating on the issue. Find more from Peter St Onge on Substack at StOnge.Substack.com. You can also find him on Twitter @ProfStOnge.  Good Money listeners can order a special $5...

During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics. Original Article: "The Economic Nationalists Are Wrong: Free Trade Means Freedom and Prosperity" [embedded content] Tags: Featured,newsletter

News here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual dog-and-pony show, a budget deal was reached. But was it progress? It was a foregone conclusion that the debt ceiling would be raised, yet again, for the simple mathematical reason that unless the budget is cut, via spending cuts or increases in taxes, it can do nothing else. With the budget deficit projected to be (hold on to your hat!) $1.5...

Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same. Original Article: "Republicans Fail on the Debt Ceiling in 2023" [embedded content] Tags: Featured,newsletter

As reported by Reason, Colorado—one of thirty-one states that had banned its local governments from imposing rent control—is considering repealing that ban. Recent efforts to allow or impose similar controls have also taken place in New York, California, Massachusetts, Oregon, and Minnesota. However, there is a good reason that most states still ban the local imposition of rent control laws. The key reason is that the primary advantage of local determination in a...

The classical liberal economist Edmund Phelps wants government to aid poor people, but he clearly is not an egalitarian. His philosophy would be unacceptable to today's "woke" egalitarians. Original Article: "Edmund Phelps on Egalitarianism" [embedded content] Tags: Featured,newsletter

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Tuesday, and according to the report, price inflation during May decelerated, coming in at the lowest year-over-year increase in twenty-six months. According to the BLS, Consumer Price Index (CPI) inflation rose 4.0 percent year over year in May before seasonal adjustment. That’s down from April’s year-over-year increase of 4.9 percent, and May is the twenty-seventh month in a...

Despite America’s attention abroad being largely Russia-focused recently, the bigger fish to fry in Washington’s eyes is China. Even as the US pours aid package after aid package into the Ukraine conflict with one hand, it still manages to raise its other hand to wag a finger across the Pacific Ocean at its rival superpower. But like every other country in the world, China has been watching America’s cavalier foreign policy and interventionism in the past decades....

Contrary to the still-enduring myth about Republican budget cutting, there is no correlation whatsoever between Republican control of DC and the trajectory of federal spending. Original Article: "The Republican Debt-Ceiling "Deal" Is Exactly What We Expected" [embedded content] Tags: Featured,newsletter