What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets

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...

Another OPEC Exit? Iraq Warns It Could Abandon Oil Cartel If Quota Hike Rejected Iraq is sending a warning shot to OPEC: raise Baghdad's oil production quota to better reflect its capacity and fiscal needs, or risk yet another defection from the oil-producing cartel. "The ministry currently has no intention of withdrawing from OPEC, and we remain committed to operating within the organization's framework and mechanisms," Oil Ministry spokesman Salim Al-Rikabi told Bloomberg via a text message. Al-Rikabi warned, "Of course, taking into consideration that the Ministry is moving forward with...

22-Year-Old Indian Man Dupes "Horny" Guys Online With Fake Blonde Female MAGA Influencer A 22-year-old medical student from northern India found an unlikely way to fund his education: building a fake online influencer using artificial intelligence, according to The Daily Beast and Wired.  After struggling to earn money through more traditional side hustles like YouTube and selling study notes, he turned to generative AI tools to create “Emily Hart,” a fictional persona presented as a young, conservative American woman. Using platforms like Google Gemini, he crafted everything from her appearance to her...