Mises Argues Monetary Inflation Fuels AI Excesses

Brendan Brown argues in a June 13 Mises.org opinion piece that Pope Leo XIV's AI encyclical overlooks monetary inflation as a driver of malinvestment in AI. Brown contends that an unsound money regime distorts capital-market signals, channeling excessive funds into speculative AI ventures. The piece introduces a macroeconomic lens to AI governance debates, suggesting sound money could curb AI excesses.