Building American Cities That Would Make The Founding Fathers Proud

The Precious Paper Problem: The Divergence In Western Bullion Markets Authored by Armin Sidhu via The Mises Institute, Gold has nearly doubled in two years. Silver has outpaced it. For the commodity that backed money for most of human history and that central banks still treat as the final settlement asset, these moves should represent a clean signal about physical scarcity and monetary demand. Western gold prices no longer carry that information cleanly. The prices quoted in London and New York are increasingly detached from the physical reality of who owns what...

Fed Chair Pick Warsh Approved By Key Senate Committee Along Party Lines The drama over Kevin Warsh's nomination as Trump's pick for next Fed chair appears to be over. Moments ago, Warsh won the backing of the Senate Banking Committee Wednesday in a 13-11 party-line vote, putting him on track to be confirmed by the full Senate before Jerome Powell’s term ends May 15, Bloomberg reproted.  Warsh’s nomination had been held up by Republican Senator Thom Tillis until the Department of Justice agreed last week to drop (for now) a criminal probe...

xAI Rolls Out Data Center Dividend For Residents Around Memphis Colossus xAI Memphis, Elon Musk's supercomputing and data center complex in the Memphis metro area - better known as Colossus - appears to be testing a version of the "data center dividend" for residents in the surrounding community. The offer of Starlink service with no upfront hardware costs and a substantial monthly discount appears to be an attempt by xAI to turn local goodwill into political insulation, as AI data centers face growing scrutiny over soaring power demand, grid strain, and...