Vance's Pakistan Trip 'On Hold' After Iran Demands Lifting Blockade Of Its Ports, Talks Appear Off

No, AI Won't Make Money Obsolete Authored by Peter Earle via the American Institute for Economic Research, The notion that artificial intelligence (AI) at full bloom might eliminate the need for money reflects a deep confusion about what money is and does. Money is not merely a barter-avoiding convenience layered onto an otherwise frictionless world. It is a solution to fundamental problems of exchange, profound difficulties in coordination, and comparison of alternatives under scarcity. Even in a hypothetical future defined by extraordinary productivity gains and broadly collapsing prices, those underlying problems do not disappear. Instead, they...

When Gülçin and I, in May of 2006, opened the Karia Princess for the first meeting of the Property and Freedom Society (PFS), many questions, organizational as well as substantive, had been still unresolved in our minds. It took years of experimenting and learning: of defining, refining and fine-tuning the very product that now is the PFS and its […]