Revisiting Colonial Massachusetts and Mises’s Taxonomy of Money

The AI Trade: Now With Less Circle And More Jerk Submitted by QTR's Fringe Finance As if markets didn’t already have enough to worry about heading into the weekend — an escalating conflict involving Iran, growing stress in private credit, and the ongoing annoyance of positive real interest rates — one of the “AI will solve everything, just add capex” deals that everyone in markets have been quietly laughing about while investing in for the past year has officially started to unravel. According to Bloomberg, Oracle Corporation and OpenAI have scrapped plans to expand...

Court Rules For WaPo Reporter In Major Win For Press In National Security Case Authored by Jonathan Turley, There was an important ruling last week by Magistrate Judge William B. Porter of the Eastern District of Virginia in favor of the press regarding the handling of files and materials taken in a search of the home of a Washington Post reporter. Judge Porter ruled against the Trump Administration in what he called an “unsupervised, wholesale” search of the files of Hannah Natanson, who covers the federal government for The Post. Instead,...

Indian Scrapyards Welcome Growing Number Of Dark Fleet Tankers By Tsvetana Paraskova of OilPrice.com At least three vessels sanctioned by the United States have arrived in recent weeks at the demolition hub of Alang on India’s west coast, following a record 15 dark fleet tankers sent to these scrapyards last year, as the business rebounds despite concerns about dealing with sanctioned ships.   The Woodchip, built in 1993 and sanctioned by the U.S. in 2021 under one of its previous names, is the third tanker to have arrived at Alang in less than...