Category: Series

Inflation does more than just force up prices. It destroys the wealth-producing process, especially with young people who are prevented from acquiring the same kinds of assets earlier generations procured. The result is inter-generational conflict.

Original article: https://mises.org/mises-wire/inflation-interventionism-and-intergenerational-resentment

It’s … Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news. 

On today’s episode: Nvidia chips OK’d for China, a sticky frozen Russian asset situation, and a lot of you seem to be stealing from self-checkout. 

Related episodes: The tower of NVIDIA How to get Russia to pay Ukraine Why the U.S. cut China off from advanced chips

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez and Corey Bridges. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  

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David Beito’s new biography on Franklin D. Roosevelt is not the hagiographic nonsense that has dominated the US history profession. That is a good thing. Americans should know how FDR’s presidency led to one disaster after another.

Original article: https://mises.org/mises-wire/bursting-bubble-was-fdr

You may be familiar with the AI-fueled stock market boom. Well, former International Monetary Fund Chief Economist Gita Gopinath warns it could mirror the dot-com boom of the late 1990s. But worse. She calculates a similar crash could erase $35 trillion in global wealth. Today on the show, what would that mean for the US and global economies? 

Related episodes: 
This indicator hasn’t flashed this red since the dot-com bubble 
Open AI’s deals are looking a little frothyFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.

Original article: https://mises.org/mises-wire/elon-musk-claims-money-will-become-irrelevant-he-right