Daily Economy
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Will AI Eat Our Lunch or Make It?
“Chefs, servers, and hosts often have a wide set of skills that cannot be easily replicated by AI technologies, which suggests fears of AI’s unemployment effects are overblown.” ~ Byron Carson & Katie Pitcher
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A CBDC Would Not Be Money in the Sense Used in the Constitution
“A CBDC is not money because it is not a physical-bearer instrument, but rather by its very nature is trackable and cancellable, like a check or credit card payment.” ~ Robert E. Wright
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Economists’ Meaning of “Consumption”
“Because ‘to produce’ means ‘to increase humans’ opportunities to consume,’ Adam Smith is correct: consumption is indeed the sole end and purpose of all production.” ~ Donald J. Boudreaux
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Ga. Reps Slice Possible Lifeline for Kids in Failing Schools
“School choice will continue to be a battle across the nation, because some special interests have been given control over millions of children and billions of dollars, and they won’t give that power up without a fight.” ~ Laura Williams
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De-dollarization Has Begun.
“The dollar, in some shape or form, will likely be around for a long time. Perhaps very long. But by weaponizing dollar dominance and permitting expanding mandates to disorient US monetary policy, the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed.” ~ Peter C. Earle
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What if Gold Coins Were Mated With Bank Notes? An Interview with Jeremy Cordon of Goldback
“There is certainly a market for sound money that is hard to serve legally. Yet Cordon has proposed a way to serve that market – at least in an anachronistic sense. But those bought into the promise of cryptocurrencies, might have doubts. Cordon agreed to be interviewed.” ~ Max Borders
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Tax Strike!
“For political reasons, the beefed-up IRS probably will not cause serious trouble until processing 2024 returns in 2025. Unless, that is, taxpayers rebel the only way they still can, via the electoral process, starting with candidate selection.” ~ Robert E. Wright
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Greta Thunberg’s War Against Wind Farms
“The Manichean view clutched by climate activists like Thunberg undercut the very goals they wish to achieve, by neglecting the power of human ingenuity. After all, the ultimate resource is the human mind, not government fiat.” ~ Michael N. Peterson
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Can We Stop Bleeding the Taxpayers to Cover Unpaid Student Loans?
“Irresponsible student lending has cost the US a great deal already. It is time to stop the bleeding by saying to colleges, ‘If you want to receive federal student aid money, you’ll have to stand behind the loans.'” ~ George Leef
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John Cowperthwaite: An Underappreciated Champion of Economic Development?
“This nuance, while it may dampen any classical liberal’s affection for John Cowperthwaite, should only reinforce one’s commitment to the principles of a free society as instruments of development and progress.” ~ Vincent Geloso
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•
Will AI Eat Our Lunch or Make It?
“Chefs, servers, and hosts often have a wide set of skills that cannot be easily replicated by AI technologies, which suggests fears of AI’s unemployment effects are overblown.” ~ Byron Carson & Katie Pitcher
-
•
A CBDC Would Not Be Money in the Sense Used in the Constitution
“A CBDC is not money because it is not a physical-bearer instrument, but rather by its very nature is trackable and cancellable, like a check or credit card payment.” ~ Robert E. Wright
-
•
Economists’ Meaning of “Consumption”
“Because ‘to produce’ means ‘to increase humans’ opportunities to consume,’ Adam Smith is correct: consumption is indeed the sole end and purpose of all production.” ~ Donald J. Boudreaux
-
•
Ga. Reps Slice Possible Lifeline for Kids in Failing Schools
“School choice will continue to be a battle across the nation, because some special interests have been given control over millions of children and billions of dollars, and they won’t give that power up without a fight.” ~ Laura Williams
-
•
De-dollarization Has Begun.
“The dollar, in some shape or form, will likely be around for a long time. Perhaps very long. But by weaponizing dollar dominance and permitting expanding mandates to disorient US monetary policy, the dollar’s fate as the lingua franca of world commerce over the long haul may already be sealed.” ~ Peter C. Earle
-
•
What if Gold Coins Were Mated With Bank Notes? An Interview with Jeremy Cordon of Goldback
“There is certainly a market for sound money that is hard to serve legally. Yet Cordon has proposed a way to serve that market – at least in an anachronistic sense. But those bought into the promise of cryptocurrencies, might have doubts. Cordon agreed to be interviewed.” ~ Max Borders
-
•
Tax Strike!
“For political reasons, the beefed-up IRS probably will not cause serious trouble until processing 2024 returns in 2025. Unless, that is, taxpayers rebel the only way they still can, via the electoral process, starting with candidate selection.” ~ Robert E. Wright
-
•
Greta Thunberg’s War Against Wind Farms
“The Manichean view clutched by climate activists like Thunberg undercut the very goals they wish to achieve, by neglecting the power of human ingenuity. After all, the ultimate resource is the human mind, not government fiat.” ~ Michael N. Peterson
-
•
Can We Stop Bleeding the Taxpayers to Cover Unpaid Student Loans?
“Irresponsible student lending has cost the US a great deal already. It is time to stop the bleeding by saying to colleges, ‘If you want to receive federal student aid money, you’ll have to stand behind the loans.'” ~ George Leef
-
•
John Cowperthwaite: An Underappreciated Champion of Economic Development?
“This nuance, while it may dampen any classical liberal’s affection for John Cowperthwaite, should only reinforce one’s commitment to the principles of a free society as instruments of development and progress.” ~ Vincent Geloso