Scarcity and the Machine: Opportunity Cost in the Age of Artificial Intelligence

America Looks Richer Than Ever. What Happens When The Fed's Asset Bubble Bursts? Authored by David Stockman via InternationalMan.com, It is now abundantly obvious that the FOMC and its clumsy rate-pegging and credit printing tools are not remotely fit for purpose. The real impact is dramatically displayed in the graph below. It shows that after 1987 the growth rate of household assets relative to earned income (i.e. excluding transfer payments) took off like a bat out of hell. Indeed, as shown in the graph during the heyday of the 1950s through 1987, the...

In Major Win For Nuclear Energy, Nearly Half Of Senate Democrats Join GOP To Advance Permitting Overall The Senate voted 73-25 on Monday evening to invoke cloture and open debate on the Bipartisan American Affordability and Jobs Act (BAAJA), the sweeping permitting overhaul written by Republicans Shelley Moore Capito and Mike Lee with Democrats Martin Heinrich and Sheldon Whitehouse.Supporters were hoping for 15 to 20 Democrats, good for around 70 votes, and TD Cowen had cut its odds of success to about 25% from 40%.Instead, 51 Republicans, 21 Democrats and...