Author: EconLearner

Private individuals bought First Bank’s assets, including the plant pictured here in Philadelphia, after it went out of business (Photo by Kean Collection/Getty Images)Getty ImagesThe prominent national preoccupation with the Federal Reserve dump has a distinguished pedigree in American history. Maybe once, and once only, we had a reliable national bank. This did not happen in the 1820s and 1830s, when Congress chartered a second Bank of the United States and popular outrage against it rose to the level of mass public entertainment. President Andrew Jackson, in a fit of enthusiasm, killed this bank in the 1830s, just as Congress…

Canadian flag representing CanadagettyEnd of Canadian First Generation LimitIf you are one of the approx 570,000 Canadians living in the United States—either among 65,000 Canadians in California, 60,000 in Floridaor above 30,000 in states like Massachusetts, Michigan, New York or Texas—the Canadian citizenship rules that have quietly governed your family for years are about to change significantly. With the passage of Bill C-3, Canada passed the most significant update to citizenship by descent in more than a decade—one that will affect not only Canadians in America but also families moving globally from Europe to Asia and the Middle East. A…

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The House of Representatives just passed resolution condemning the “horror of socialism” by a margin of 285 to 98. All votes were denied by Democrats, indicating that a majority of members on the left side of the aisle do not recognize the overwhelming failures of socialism. So, despite the House’s clear rejection of socialism, central government planning remains a growing threat to our future prosperity.These threats include grandiose plans to nationalize our health care system to piecemeal policies that impose arbitrary price controls on key parts of the economy. Whether it’s health care or finance, price controls inevitably raise costs,…

How humans deal with AGI will likely be a heated debate, and one with potentially serious consequences.gettyIn today’s column, I address the highly controversial concern that if we can advance AI to artificial general intelligence (AGI), the worry is that humans will treat the AGI as if it were a slave. How so? Obviously we will have complete control over the AGI through the various computer servers that the AI ​​is running on, and we will be able to pull the plug, as it were, at any time of our choosing. This threat hanging over AGI will allow us to…

In the emergency department of Grady Memorial Hospital in Atlanta, where — as in many US hospitals — patients are forced to wait for treatment in corridors due to lack of space and overcrowding. (Photo by Jonathan Torgovnik/Getty Images)Getty ImagesWashington’s political class continues to insist that our health care problems can be solved with more regulations, more dictates, and more red tape. The results of this command-and-control mentality speak for themselves: skyrocketing premiums, shrinking options, and an increasingly unresponsive, unaccountable, and unaffordable health care system.We don’t need more government engineering. we need more freedom. When individuals, not bureaucrats, control health…

The AI ​​world has been abuzz recently with news and rumors that Google’s latest TPU, Ironwood, is powering the Gemini3 model, surpassing OpenAI in many metrics, including intelligence and performance. Now, The Informationas repeated by Bloomberg and CNBC, reports that Alphabet’s Google is preparing to market its TPUs beyond Google Cloud, with Meta Platforms as the main design win. Google is also rumored to be pitching the Ironwood Pod to other hyperscalers and large enterprises as an alternative to Nvidia. As a result, Alphabet is up nearly 50% over the past month, while Nvidia is down more than 7%. But…

“Competition leads to lower prices, better value and a more efficient, functioning market,” writes health expert Sally Pipes. “And it’s delivering those things much faster than the government could ever hope to do.”PA Images via Getty ImagesPrices for GLP-1 weight loss drugs are falling rapidly.Last week, Novo Nordisk—maker of Ozempic and Wegovy—announced that it would cut prices for monthly supplies of both drugs up to $349 for existing patients who purchase directly. For new customers, the price will drop to just $199 per month for the first two months. The move follows similar price cuts by the competitor Eli Lilly.These…

Strong Pink – Green aurora over a very unique tree in Perthshire.gettyThe Northern Lights may be visible in the northern sky in 15 northern US states and Canada after dark on Tuesday, November 25, according to forecast from the National Oceanic and Atmospheric Administration’s Space Weather Prediction Center. The forecast includes a G1 rated geomagnetic storm.It comes not after a solar flare or coronal mass ejection, but as Earth is buffeted by an unusually turbulent solar wind. It means an increased chance of an aurora in high latitudes, but also further south if things intensify. Northern Lights Forecast: What to…