The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

Trump Vows To Hit 'Loser' Iran 'Very Hard' As Pezeshkian Apologizes To Gulf Even As IRGC Attacks Expand As the US-Israeli war on Iran grinds into its second week, having completed a full week of what's largely been escalation alongside no real efforts at talks, the rhetoric on all sides is still expanding just as fast as the missile exchanges. Iran continues to get bombed very intensely, while several overnight ballistic missile and drone waves hit Israel. The biggest development is that Iranian President Masoud Pezeshkian says Tehran will never capitulate,...

Iran on Tuesday confirmed that Ali Larijani, the head of Iran’s Supreme National Security Council, was killed by an overnight Israeli strike, the most significant Iranian leader to be assassinated since Supreme Leader Ayatollah Ali Khamenei was killed in the opening strikes of the war. “After a lifetime of striving for the elevation of Iran […]

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...