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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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Trump Nominates US Attorney Jay Clayton As Director Of National Intelligence
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Authored by Jack Phillips via The Epoch Times,
President Donald Trump on Thursday said he is nominating Jay Clayton, the U.S. Attorney for the Southern District of New York, to be his director of national intelligence.
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