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Rumor has it that the Federal Reserve was able to resist the president‘s demands to enable funding of the Korean War. However, a look at the record demonstrates conclusively that the Fed bowed to Harry Truman‘s wishes to do what it has done for a century: finance America‘s wars.
Original article: https://mises.org/mises-wire/did-fed-achieve-independence-during-korean-war
President Trump's so-called “One Big, Beautiful Bill” is more of the same: big and bloated. It adds billions to the federal deficit and does nothing to deal with the government‘s ruinous debt. Naturally, the Republicans support it.
Original article: https://mises.org/mises-wire/one-bloated-brobdingnagian-bill
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This abundance panel -- which been weeks in the making -- is well-timed: A new poll shows that voters prefer populist messaging to "abundance" messaging by a significant margin, throwing advocates of Abundance, a new book by Ezra Klein & Derek Thompson, into a tizzy. So what is "Abundance" anyway, & why has Left Twitter been so antagonistic to the ideology? Are pro-Abundance advocates like Klein, Thompson, and Matt Yglesias right when they say the left's critiques are only vibe-based, or is the left raising legitimate concerns about a corporate-backed, astro-turfed campaign intended to syphon off genuine populist anger? We've assembled the authors of three of the best abundance-critical op-eds to discuss: economist Isabella Weber, legal director at Open Markets Institute Sandeep Vaheesan, and former Rhode Island State Rep. Aaron Regunberg. It's the most comprehensive and specific explanation of why the left should reject the "abundance" framing you're likely to hear.
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Produced by Armand Aviram.
Theme by Nick Thorburn (@nickfromislands).
Today Robert Pondiscio joins the podcast to discuss the progressive sabotage of K-12 schooling and talk about his article in the June issue of COMMENTARY, "How Wokeness Destroyed an Education Miracle." Give a listen.
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David Brady, Jr. reviews The Magic Coin by Dr. Jonathan Newman, a children‘s book that explains money in a way that even modern adults can understand.
Original article: https://mises.org/mises-wire/magic-coin-and-renewing-interest-monetary-policy
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ChatGPT is amazing at many things…but it can’t seem to figure out poker. Nate and Maria explain why, and talk about the implications for artificial general intelligence. Plus, they discuss Trump vs. Harvard, round two.
Further Reading:
Silver Bulletin: ChatGPT Is Shockingly Bad at Poker
Harvard Derangement Syndrome, by Steven Pinker
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The Leap from Maria Konnikova
Silver Bulletin from Nate Silver
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