Iran’s Foreign Ministry Says US Strikes on Railway Bridges are a ‘Blatant War Crime’

In memory of Roger Garrison, Bob walks through Garrison's famous capital-based macroeconomics diagrams, showing how they translate the Mises-Hayek theory of the boom-bust cycle into the language of modern macroeconomics.

Microsoft Triples-Down On Data Centers, As Half Of Planned Projects Face Cancelations, Delays Microsoft unveiled plans to triple its data center footprint in Cheyenne, Wyoming, snapping up roughly 3,200 acres on the city's south edge.  The deal covers a 200-acre parcel in Bison Business Park plus an adjacent 3,000-acre tract, turning what is already one of the company's longstanding hubs into a sprawling complex.  With 11 data centers operational and three more under construction across four campuses, the tech giant is betting big on the Cowboy State's energy resources and workforce.  A company...

UMich Sentiment Crashes To Lowest On Record As War Sparks Inflation Panic Among Democrats While the March UMich sentiment survey was completed before and after the start of the Iran War (with only modest impacts on sentiment and inflation expectations), today's preliminary April data survey period was all in the war with expectations for a notable drop in sentiment and sizable jump in inflation expectations. It turns out the expectations were right in direction but underestimated the scale as headline sentiment plunged from 53.3 to 47.6 (far worse than the 51.5...