The Public Goods Circular Argument

Vice President JD Vance said that the war against Iran has resulted in Gulf Arab states seeking deeper ties with Tehran.  “Because of the conversations they’re having with the Iranians. The Emiratis — by far the most hawkish, by far the most pro-Israel country in the [Gulf Cooperation Council] — they’re having conversations with the […]

North Korean Supreme Leader Kim Jong Un attended the test firing of missiles with multiple reentry vehicles.  “The purpose of the test-fire is to verify the characteristics and power of cluster bomb warhead and fragmentation mine warhead applied to the tactical ballistic missile,” North Korean state media reported on Sunday. “Five tactical ballistic missiles, launched […]

Bitcoin Mining & The Electricity Grid: A Quiet Savior Authored by Joakim Book via The Mises Institute, With all eyes on the winter storm raging through America last month, a silent hero was working in the background to keep the lights on. And I don’t primarily mean the emergency workers or the teams of electricians, foresters, and engineers that keep the power lines up and ice-free; these guys operate very much in the foreground, the public well aware of their critical work. Before and during winter storms, the electricity supply becomes strained and household demand...