Mises Wire

Artificial Intelligence and Super-Powered Economic Errors

Global Economy

Blog09/23/2019

Kai-Fu Lee’s new book AI Superpowers offers many insights into the development of of AI, but too much of the book is spent chasing economic phantoms.

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Everything About Negative Interest Rates with Bob Murphy

The FedFinancial MarketsMoney and BanksAustrian Economics Overview

09/23/2019Audio/Video
Economist Bob Murphy joins Jeff Deist to make sense of the nonsensical world of negative interest rates.
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The Idea of Alternative Currencies Is Going Mainstream

The FedMoney and BanksMoney and Banking

Blog09/23/2019

The movement for alternative money is the result of the history of government monetary mismanagement.

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Kamala Harris and the Cult of the Presidency

U.S. History

Blog09/23/2019

Kamala Harris has promised to rule by decree if elected president. For her, Congress is little more than an advisory committee. The average voter, of course, ranks even lower than that.

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Government

Political Theory

09/21/2019Mises Wire
I offer my own definition of government: Government is that great fiction, through which everybody endeavors to live at the expense of everybody else.
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Technological Innovation Is Nothing to Fear

Free MarketsCalculation and Knowledge

Blog09/21/2019

Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.

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How Central Banks Promote Money-Creation by Private Banks

Money and BanksMoney and Banking

Blog09/21/2019

Not only does fractional-reserve banking gives rise to monetary inflation it is also responsible for monetary deflation. Money created out of "thin air" can disappear as rapidly as it was created.

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