A few weeks ago, the United States and Iran signed a memorandum of understanding, but there was little reason to expect it would produce a lasting solution.
Our Mission is to spread the word about Austrian School of Economics and the works of it’s founders. See for yourself how implementing those principles can change your organisation for better.
Canonical Austrian business cycle theory holds that a lower rate of interest lengthens the structure of production. Fillieule (2007) derives the opposite conclusion: the average period of production rises with the rate of interest.
UBI discussions have resurfaced as AI and humanoids robots threaten jobs. Tech leaders argue that automation will create vast abundance. UBI may weaken incentives to save, invest and innovate.
The amount of capital flowing into AI is staggering. The largest United States-based technology companies alone plan to invest more than $4 trillion in AI by 2030.
