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Politicians are touting “affordability” to describe the current regime of rising prices. However, most lawmakers who claim they are trying to make things more affordable demand policies that make things more costly.
Original article: https://mises.org/mises-wire/why-affordability-wrong-term-describe-effects-inflation
Plus: Private-sector hiring slowed in January, according to data from payrolls processor ADP. And AI voice startup ElevenLabs is valued at $11 billion after its most recent funding round. Alex Ossola hosts.
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A bad end is most likely though even in the best case scenario of AI increasing living standards. The build-up of asset inflation malinvestment and overleveraging will impose huge costs.
Original article: https://mises.org/mises-wire/not-so-new-dollar-strategy-monetize-productivity-advance
With little optimism about the outcome of the latest peace talks, Ukraine says it will focus on military matters. Its team said it's trying to get a sense of what Moscow and Washington were "really ready for." Also: dozens are feared to have been killed by gunmen in central Nigeria. Walmart becomes the first "traditional firm" to become worth more than one trillion dollars. Water shortages worsen in parts of South Africa, with people fearing the prospect of "day zero." Iran allows female motorcyclists to obtain licences. Two former South Sudanese refugees walk the length of Britain to draw attention to the conflict in their home country. And the Muppet show celebrates its 50th anniversary with a new special episode.
The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment. Get in touch: globalpodcast@bbc.co.uk
The layoffs at the Washington Post are the source of bitter media tears today, but the Post's staff did it to themselves, and we explain why—and why it's failed where the New York Times and the New York Post have both succeeded. Give a listen.
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The Small Business Administration will no longer allow green card holders to apply for SBA loans. The new policy was announced on Monday and takes effect next month. This program doesn’t lend money directly to businesses; it provides loan guarantees to lenders, and the loans are usually cheaper than traditional borrowing. We learn more. Then, for older people, financial strain may be a warning sign of dementia — before doctors or families start noticing symptoms.
Hello!
This week, we’re talking about the files, the media and how they’ve handled the story, and the coming populist revolt that feels both inevitable and impossible at this point.
Also, we have a YouTube page that we’ve finally populated with enough videos to make it worth sharing. Will be posting there from now on as well. Please check it out.
https://www.youtube.com/channel/UC8BC6kpomORTAHDU0AJICyQ
Enjoy!
Thanks to the Federal Reserve, the US government will always have enough printed money to fund its tyrannical schemes.
Original article: https://mises.org/mises-wire/have-fiat-money-will-tyrannize