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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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Mar 4, 2026 / Kyle Anzalone
Marine Vet Forcibly Removed From Senate Hearing for Protesting Iran War
An Iraq War Marine veteran was forced from a Senate hearing for speaking out against the war in Iran. Before the hearing, Brian McGinnis posted a video to his X account saying he was in DC to “speak out against the Senate and ask them why they are going to send our men and women […]
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Oct 5, 2026 / Tyler Durden
Lingering Iranian Diplomats In New York 'Kicked Out' By Rubio
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The 81st session of the United Nations General Assembly took place September 22–29 in New York City, with the Iranian delegation being allowed into the country (even as the delegation of the Palestinian Authority was blocked).
President Masoud Pezeshkian addressed the UNGA without any problems, and Foreign Minister Abbas Araghchi engaged in talks with the US on the sidelines and via mediators. Both top officials exited the country, after safety concerns were voiced in Iranian outlets - given the US is engaged...
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May 13, 2026 / Tyler Durden
Treasury Department Alerts US Banks To Suspected Iranian Money Laundering Efforts
Treasury Department Alerts US Banks To Suspected Iranian Money Laundering Efforts
Authored by Victoria Friedman via The Epoch Times (emphasis ours),
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on May 11 issued an alert to financial institutions warning them of efforts by the Iranian Islamic Revolutionary Guard Corps (IRGC) to evade sanctions.
The U.S. Department of the Treasury in Washington on June 30, 2025.Madalina Kilroy/The Epoch Times
FinCEN said in a statement that the IRGC has been facilitating and laundering the proceeds of illicit oil sales using networks of financial facilitators...
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