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No, AI Won't Make Money Obsolete
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...
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Apr 23, 2026 / Tyler Durden
9th Circuit Kills California's ICE Unmasking Law
9th Circuit Kills California's ICE Unmasking Law
The 9th Circuit Court of Appeals handed the Trump administration a significant legal victory Wednesday, issuing a formal injunction blocking California's No Vigilantes Act from being enforced against federal law enforcement officers. The court ruled that the state law - which required non-uniformed federal agents to visibly display identification while performing their duties - likely violates the Supremacy Clause of the U.S. Constitution.
Carlin Stiehl/Los Angeles Times via Getty Images
The No Vigilantes Act, part of a two-bill package signed by Gov. Gavin Newsom in...
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Mar 27, 2026 / Tyler Durden
Macquarie: Two More Months Of War Could Send Oil To $200
Macquarie: Two More Months Of War Could Send Oil To $200
Submitted by Tsvetana Paraskova of OilPrice.com
Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned.
The odds of the Iran war dragging on until June were put at 40% by the analysts in a note carried by Bloomberg. But the scenario of the war ending by the end of March currently appears more plausible, with odds at 60%, according to Macquarie.
“If...
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Apr 6, 2026 / Tyler Durden
Top University Dubbed 'MIT Of Iran' Bombed Along With Several Airports
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