Silicon Valley Bank: Mismanagement Is Not an Excuse for Inefficient Regulation
According to Michael Barr, the vice chair for supervision at the Federal Reserve, Silicon Valley Bank’s failure was a “textbook case of mismanagement.” Perhaps that’s unsurprising. Regulators are unlikely to conclude that the second-largest bank failure in American history was due to inefficient regulation. What did SVB management do? Why did they do it? And, […]
Erik Hoel on the Threat to Humanity from AI
1:01 Russ Roberts: I want to congratulate you. You are the first person who has actually caused me to be alarmed about the implications of AI–artificial intelligence–and the potential threat to humanity. Back in 2014, I interviewed Nicholas Bostrom about his book Superintelligence, where he argued AI could get so smart it could trick us […]
How Does ChatGPT Differ From Socrates?
As an AI language model, I differ from the Socrates Platform in several ways. Firstly, the Socrates Platform is a web-based platform developed by Martin Armstrong and his team at Armstrong Economics, whereas I am a language model developed by OpenAI. The Socrates Platform is designed to analyze economic and financial data in real-time, […]
The rich world’s housing crunch is far from over
At times during the long boom that followed the global financial crisis of 2007-09, it seemed as if house prices would never stop rising. Sales surged as a cocktail of ultra-low interest rates and supply shortages boosted competition for properties. Things are very different today. In countries across the rich world, from America to New […]
Europe Wants War At Any Cost
Federal Defense Minister Boris Pistorius of the Netherlands has handed the Netherlands Army to be subordinated by Germany. He put out the standard propaganda that he did so because of the Russian war of aggression against Ukraine. They ignore the fact that it has been the West who started the civil war and prompted up […]
Tax Strike! | AIER
As the deadline to file individual federal income taxes looms, some readers might wonder if they receive sufficient services in return for what they pay. Over the centuries, many Americans have answered that question in the negative, and teamed up with their neighbors to do something about it. The American Revolution was about taxes at […]
