Persistent Delusion Among the American and NATO Defense Establishment

The US is deploying a third aircraft carrier to the Middle East for operations against Iran, US officials told media outlets on Tuesday, a sign that the war will continue to escalate despite President Trump’s claims that he is looking to end the conflict. The aircraft carrier USS George H.W. Bush and other warships that […]

White House Press Secretary Karoline Leavitt said on Wednesday that the US launched the war with Iran because President Trump had a “feeling” that Iranian forces were going to attack first. Leavitt made the comments when pressed on the claims that there was an “imminent threat” facing the US that justified the joint US-Israeli attack […]

Artificial Intelligence, Real Misallocation Authored by Peter C. Earle, Ph.D, Artificial intelligence may well be the most important technological development of the coming decade-and that is exactly why the current capital surge around it warrants skepticism. History is littered with transformative innovations that were nonetheless disastrously overbuilt and mispriced in their early phases. Austrian Business Cycle Theory was never a children’s story in which every boom ends with clowns, ashes, and worthless machinery; its real claim is subtler and nastier. When the price of time is falsified-when interest rates are pushed...