The austerity crowd argues that government cuts will lead to more activity by the private sector. How could that be? The main way would be if the government were using so many resources that it was driving up their price and making it harder for companies to use them. In the early 1990s, for instance, government borrowing was pushing up interest rates. When the deficit began to fall, interest rates did too. Projects that had not previously been profitable for companies suddenly began to make sense. The resulting economic boom brought in more tax revenue and further reduced the deficit. But this virtuous cycle can’t happen today.
You know ChatGPT, but how much do you know about the company that made it? Journalist Karen Hao joins us to talk OpenAI’s latest implosion.
There are steps we can take to create a new paradigm that will help shift society's attitude towards women in the workplace.
Lockdowns moved the burden of COVID from the at-risk elderly to the less-at-risk young. Does this sacrifice merit compensation?
How much do citizens really value free elections?
Fraud is a $5 trillion “industry.” But not all its perpetrators look alike. Kelly Richmond Pope, a professor of accounting, breaks down who commits fraud — and why.