Turn Turn Turn
War. Tariffs. Communism. And paper money, too. Why do we have public policies that are almost certain to be harmful? Are they like death – inescapable?
The Daily Reckoning Australia
Policy Creeps
Trump will appoint his political yes monkeys and make sure the Fed does what it is told to do. That will make America’s central bank more like those of Zimbabwe, Venezuela or Argentina.
Turning Japanese
Competition changes all the time. Japan famously had the most dynamic economy in the world…up until 1990. Everyone wanted to learn the latest Japanese buzzwords.
The only AI that will ACTUALLY steal your job
AI fearmongers worry about Skynet. But AI needn’t achieve General Intelligence to destroy humanity. We’re quite capable of using AI to destroy each other first.
Dark Factories
An hour of a robot’s time — even with a coffee break — should be about as expensive in the US as it is in Vietnam. What matters now is capital, not labor. It takes massive investment to develop.
Why Gold is Going Up
It looks like the administration is doing everything it can — including whimsical tariff threats — to make the value of the US dollar and US bonds go down.
