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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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Jun 4, 2026 / Dave DeCamp
Trump Denounces House Lawmakers as ‘Unpatriotic’ for Passing Resolution To End His War With Iran
President Trump on Thursday attacked House lawmakers as “unpatriotic” for passing a War Powers Resolution that would direct him to end the war with Iran, which he launched with Israel without congressional authorization, in violation of the US Constitution. The bill passed on Wednesday in a vote of 215 to 208, with four Republicans joining […]
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Jun 2, 2026 / Tyler Durden
Tesla Posts Strong Registration Growth Across Europe In May
Tesla Posts Strong Registration Growth Across Europe In May
Tesla showed signs of regaining momentum in Europe during May, posting strong registration growth across several major markets, according to Reuters. New registrations climbed to 1,750 vehicles in Denmark (+136%), 1,690 in Spain (+113%), and 858 in Sweden (+71%), based on data released by local industry groups.
Reuters writes that the trend extended across the region. Norway recorded 3,345 Tesla registrations, up 29% from a year earlier, while France saw registrations rise to 5,446 vehicles—more than seven times last year's level.
The gains come...
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Apr 27, 2026 / Tyler Durden
Report Claims Iranian Jet Bombed American Base In Kuwait At War's Start
Report Claims Iranian Jet Bombed American Base In Kuwait At War's Start
Authored by Dave DeCamp via AntiWar.com,
Iranian attacks on US bases across the Middle East have caused far more damage than the Trump administration has publicly acknowledged, and an Iranian fighter jet was able to bomb at least one US base, NBC News reported on Saturday, citing unnamed US officials.
The administration has attempted to cover up the damage to US bases in the war, and has gone as far as requesting that Planet Labs and other satellite imagery companies black out war images,...
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