Politics
Pseudo entrepreneur Sam Altman now wants “a federal guarantee to make it easier to finance massive investments in AI chips for data centers.”
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The rise of the state led to the rise of credentialism, however, credentialism neither guarantees competence nor quality.
Inflation is a government tool used to confiscate wealth from ordinary citizens and transfer it to government agents and others who are politically connection....
Bob revisits Böhm-Bawerk’s critique of the exploitation theory of interest to answer modern claims that billionaires like Elon Musk must have “stolen” their wealth...
Pseudo entrepreneur Sam Altman now wants “a federal guarantee to make it easier to finance massive investments in AI chips for data centers.”
Much of mainstream economics holds to the Efficient Market Hypothesis (EMH), which is built on highly unrealistic foundations. The Austrian causal-realist approach has more...
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