The Fear of Mass Unemployment Due to Artificial Intelligence and Robotics Is Unfounded
Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now. Original Article: "The Fear of Mass Unemployment Due to Artificial Intelligence
The Fed Backtracks on Future Rate Hikes as Bank Failures Loom Large
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 5.00 percent, an increase of 25 basis points. With this latest increase, the target has increased 4.75 percent since
Whither Goest the Entrepreneur
The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian School,
The Other Covid Crisis: Prospects for Recovery from Pandemic Policies
The F.A. Hayek Memorial Lecture, sponsored by Greg and Joy Morin. Recorded at the 2023 Austrian Economics Research Conference hosted at the Mises Institute in Auburn, Alabama, March 16–18, 2023. The Austrian Economics Research Conference is the international, interdisciplinary meeting of the
Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again
Even if Powell is sincere in this stated desire to slay inflation with more rate hikes, recent bank failures will put the Fed under enormous pressure to end its rate hikes and to once again embrace easy money to save the
Did Colonialism Impoverish Africa and Asia? Perhaps Not
Revisiting the legacies of colonialism to indict Western imperialism has become a fashionable pastime for leading academics. Many argue that colonialism erected permanent roadblocks to thwart the progress of ex-colonies. Western colonialism is so vilified that any attempt to present
The Theory and Practice of Conspiracy
Collusion was a way of life with state-chartered enterprises. Little has changed, as firms with political connections still gain profits from their collusion with the state. Original Article: "The Theory and Practice of Conspiracy" This Audio Mises Wire is generously sponsored by
Some bad economics at the Department of Energy
From E&E News (DOE: Major LNG project ‘would not increase’ CO2) from June 2022: A proposed liquefied natural gas project in Alaska would not raise greenhouse gas emissions, according to a new federal environmental review that assumes LNG exports elsewhere will