Cuba Hit With National Power Grid Collapse As Oil Sources Dry Up

Before the Federal Reserve, before the greenback, American writers were already designing a managed national paper currency, and arguing it could be more stable than gold.

Merz Promises Fico A Spanking For Slovak Leader's Moscow V-Day Trip Slovak Prime Minister Robert Fico was once again this year the only EU leader to visit Moscow for Russia's Victory Day commemorative WW2 celebrations on Saturday, which has drawn a predictable and fierce rebuke from Germany and European officials. This was the second time Fico attended V-Day celebrations, after a similar controversial visit last year. German Chancellor Friedrich Merz in particular chastised Fico with scolding words, as if Fico was being called to the principal's office. "We will talk with him about...

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...