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Artificial Intelligence, Real Misallocation
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...
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Mar 25, 2026 / Tyler Durden
Democrats Flip Trump's Mar-a-Lago District In Florida Special Election Upset
Democrats Flip Trump's Mar-a-Lago District In Florida Special Election Upset
Democrats flipped a reliably red Florida state House seat that includes President Donald Trump’s Mar-a-Lago estate on Tuesday, scoring a narrow but symbolically significant victory in a special election that drew national attention.
Democrat Emily Gregory defeated Trump-endorsed Republican Jon Maples in House District 87 by just over 2 percentage points, according to unofficial results. The win marks an approximately 11-point swing toward Democrats compared to the 2024 performance in the Palm Beach County district.
Gregory, a first-time candidate who runs a...
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Apr 1, 2026 / Connor O'Keeffe
Our Problem Isn’t Kings; It’s the Presidency
To call Trump’s actions king-like is to greatly understate the problem. What we actually face is a massive, self-amplifying executive branch that makes deranged presidents far more dangerous than an actual king could ever be.
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Mar 9, 2026 / Dave DeCamp
Trump Says He Hasn’t ‘Won Enough’ in Iran While IRGC Says It’s Ready To Fight for 10 Years
President Trump said on Monday that he believes his war with Iran could end soon, while Iranian officials are vowing that they’re ready for a long fight. “I think the war is very complete, pretty much,” Trump told CBS News reporter Weijia Jiang. “They have no navy, no communications, they’ve got no air force.” Later […]
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