The Fear of Mass Unemployment due to Artificial
People are arguing over whether artificial intelligence (AI) and robotics will eliminate human employment. People seem to have an all-or-nothing
Money Supply Growth Went Negative for the Third
With negative growth now dipping below –5 percent, money-supply contraction is approaching the biggest declines we’ve seen in the past
Libertarian Law by Democratic Means: Utilitarianism and the
I have previously explained how for Ludwig von Mises, democracy is necessary for the libertarian society because of its usefulness
Silicon Valley Bank and the Failure of Fractional
With the apparent failure of Silicon Valley Bank (SVB) potentially causing a crisis in the American and even the global
Looming Bank Failures Point to More Price Inflation
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during
The Theory and Practice of Conspiracy
Adam Smith published The Wealth of Nations in 1776, at the beginning of the Industrial Revolution. The book was the
Our Economic Illiteracy
“Economics,” wrote Henry Hazlitt, “is haunted by more fallacies than any other study known to man.” True. No epoch is immune
Yes, the Latest Bank Bailout Is Really a
Silicon Valley Bank (SVB) failed on Friday and was shut down by regulators. It was the second-largest failure in US
A Bank Crisis Was Predictable. Was the Fed
Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at
How Easy Money Killed Silicon Valley Bank
The second-largest collapse of a bank in recent history after Lehman Brothers could have been prevented. Now the impact is