Engines of Our Ingenuity - The Engines of Our Ingenuity 1322: Beating the System
Episode: 1322 Five college degrees in six years: What does it mean? Today, some thoughts about beating the system.
More or Less: Behind the Stats - Are quantum computers already super-powerful?
Google claim their latest quantum computer chip is able to process something in five minutes it would take a normal computer 10 septillion years to figure out.
As this is a massive amount longer than the entire history of the known universe, that seems to suggest the chip is extremely powerful.
But when you understand what?s going on, the claim doesn?t seem quite so impressive. Dr Peter Leek, a quantum computer scientist from Oxford University, explains the key context.
Presenter: Charlotte McDonald Producer: Tom Colls Production co-ordinator: Brenda Brown Sound mix: Andrew Garratt Editor: Richard Vadon
Audio Mises Wire - How the Nanny Campus Will Fight to Keep Taxpayers Hostage
Higher education has managed to con huge numbers of young people to take out six-figure loans in order to have the “college experience.” However, the so-called benefits to college are turning out to be a chimera, all funded by increasing indebtedness.
Original article: How the Nanny Campus Will Fight to Keep Taxpayers Hostage
Audio Mises Wire - Marxism and the Cultural Revolution
The Cultural Revolution continues apace in this country and it is aimed at all of the old Confederate symbols from statues to the Confederate Battle Flag. With leftist progressives there can be no discussion. Any symbol from the South equates to racism and nothing else.
Original article: Marxism and the Cultural Revolution
Audio Mises Wire - America’s Problem with Consumerism Is the Government’s Fault
The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.
Original article: America’s Problem with Consumerism Is the Government’s Fault
Audio Mises Wire - The Poor Man of Nippur and Austrian Economic Principles
The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor Man of Nippur” provides an excellent example. From time preference to the structure of production, many of the lessons are contained in this story.
Original article: The Poor Man of Nippur and Austrian Economic Principles
Audio Mises Wire - We Desperately Need Sound Money, Not Tariffs
President-elect Donald Trump has declared that he will raise tariffs his first day in office. Our economy, however, does not need government-created roadblocks to trade. Instead, we need free exchange and sound money.
Original article: We Desperately Need Sound Money, Not Tariffs
Audio Mises Wire - The Pretense of Knowledge
Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.
Original article: The Pretense of Knowledge
Audio Mises Wire - Should Central Banks Accommodate Increases in Demand for Money?
One of the fallacies pushed by monetary economists is that a growing economy needs a growing supply of money in order to prevent deflation, which they claim is as harmful as inflation. However, as Austrians point out, there is no “optimum” amount of money in the economy, since prices adjust.
Original article: Should Central Banks Accommodate Increases in Demand for Money?
Audio Mises Wire - Is the Fed Loosening or Tightening? It’s Complicated.
Thanks to the Fed's balance sheet and the Fed's policy on reverse repurchase agreements, it's hard to tell whether the Fed is being hawkish or dovish.
Original article: Is the Fed Loosening or Tightening? It’s Complicated.