CBO Warns of Fiscal Crisis in Long-Term Budget Outlook
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
New Video: A Lecture on State Militias and the Second Amendment
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.
Looking Back at the Crossroads: Liberty or Socialism
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.
Bureaucracy: Applying Mises’s Insights to Our Present Day
Today we are featuring the winning essays in the Student Essay Contest for undergraduates at the Austrian Economics Research Conference.
How Pharmacists Can Increase Access to Routine Health Care
Marc Joffe and Jeffrey A. Singer
The Money Supply Fell for the Fifteenth Month in a Row as Full-Time Jobs Disappear
The money supply has fallen repeatedly, year-over-year, but in recent months the total money supply has flattened out and deflation has disappeared.
Separating Information from Disinformation: Threats from the AI Revolution
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.
Understanding the AI Revolution
The “AI” in our present real-world hype is nothing like the sci-fi “creatures” of film; AI machines are nowhere near conscious beings.
Be on the Lookout for These Lies in Biden’s State of the Union Address
In his State of the Union speech Thursday, President Biden will claim the economy is growing—and that his administration will “crack down” on corporate greed. He will not address the damage his administration has done to the economy.
The Economics of the AI Revolution
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.