Romina Boccia and Dominik Lett The Congressional Budget Office’s (CBO) latest 30‐year budget projections forecast rising debt, deficits, and interest costs, which will undermine US investment and economic growth and hurt American incomes. Rising spending on old‐age entitlement programs, primarily Medicare and Social Security, is mostly
Unfortunately, the independent state militias in America were eventually replaced by the "National Guard" which is essentially now a reserve force for the federal government's enormous standing army.
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.
Marc Joffe and Jeffrey A. Singer
The money supply has fallen repeatedly, year-over-year, but in recent months the total money supply has flattened out and deflation has disappeared.
While fears that AI will morph into something like the Terminator and try to destroy the world, the real threat from AI is that the authorities will use it to produce propaganda and public lies.
The “AI” in our present real-world hype is nothing like the sci-fi “creatures” of film; AI machines are nowhere near conscious beings.
Artificial intelligence has much to contribute as a consumption good and a producer’s good. However, there also are limitations in what AI can do, given it susceptible to the GIGO rule: Garbage in, garbage out.
New York City’s government has imposed draconian rent controls. The natural outcome, as economists note, has been massive shortages, as apartment owners no longer have an incentive to rent empty apartments.