The rapid financing of the AI boom through massive corporate debt issuance is creating significant stress on global financial markets. This influx of private capital forces competition with government Treasury bonds, as AI companies offer higher yields than equivalent sovereign debt, thereby pushing up long-term interest rates. While this signals strong investment demand for AI, it raises concerns about systemic risk and the potential destabilization of core bond markets. Policymakers must navigate the tension between fueling critical technological growth and maintaining stable public borrowing costs to prevent a financial crisis.
"Liberty as a Qur'anic Value": A New Book Review
English Summary
The book argues that the Qur'anic principle of "no compulsion in religion" establishes individual freedom of conscience as a foundational Islamic value. It challenges contemporary interpretations—which often justify state coercion through laws on apostasy, blasphemy, or morality policing—by advocating for a return to critical scholarly interpretation (ijtihād). For policy, this suggests that external analysis must account for the internal intellectual debate within Muslim societies regarding religious freedom and the separation of Sharia law from state enforcement. Ignoring these nuanced legal arguments risks misinterpreting the source of resistance to coercive laws in various Muslim-majority states.
中文摘要
本書論述《古蘭經》中「宗教不容強迫」的原則，確立了個人良心自由作為伊斯蘭教信仰的核心價值。它挑戰了當代許多詮釋——這些詮釋常透過關於離教、褻瀆或道德規範執法的法律來為國家強制性行為辯護——並倡導回歸批判性的學術解讀（即『伊茲提哈德』，ijtihād）。從政策層面來看，這暗示外部分析必須考量穆斯林社會內部關於宗教自由和教法（Sharia law）與國家執行力分離的知識性辯論。若忽略這些細微的法律論點，則有誤判在各個穆斯林多數國家對強制性法律產生抵抗的真正來源。
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