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Barter, Media of Exchange, and Colonial America
Despite the claims of the chartalists, early American monetary history tells a much different story than one falsely claiming state-issued fiat money undergirded the colonial economy. In fact, much of the historical evidence illustrates Menger’s monetary theory.
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1 In 5 Jobs Faces High Risk Of AI Automation
1 In 5 Jobs Faces High Risk Of AI Automation
As concerns about AI-driven job losses grow, new research sheds light on how artificial intelligence could impact the U.S. labor market in the short term.
According to an OpenAI framework analyzing how AI affects different occupations, published last April, nearly half of all jobs (46 percent) are expected to see little immediate change, while around 24 percent are likely to be reorganized as tasks shift rather than disappear.
As Statista's Tristan Gaudiaut shows in the chart below, a smaller but still significant share of roles face...
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