The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the chips serve as collateral, companies right now cannot make enough revenue to cover their costs.
The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the chips serve as collateral, companies right now cannot make enough revenue to cover their costs.
In the aftermath of Donald Trump's conviction in Manhattan—a political show trial, to be sure—David Gordon reviews Danilo Zolo’s, Victor’s Justice, which examined the Nuremberg Trials following World War II.
Socialists pride themselves on their supposed good intentions even as they fashion policies that create havoc and harm the people socialists claim to be helping. Ludwig von Mises called it destructionism.
Bob continues his feud with George Selgin, explaining why the alleged free banking period in Scotland doesn't show that free-market banks would carry low reserve ratios.
As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.
Thomas A. Berry The Supreme Court’s opinion in Moore v. United States is disappointing, but the Court’s narrow reasoning did not open the door to a future federal wealth tax. Justice Brett Kavanaugh’s majority opinion carefully avoided endorsing the government’s broad arguments, meaning the decision is unlikely
Neal McCluskey Yesterday, Louisiana Gov. Jeff Landry (R) signed legislation mandating the posting of the Ten Commandments in public schools. It might seem shocking, but it should not be: Public schooling has always required people to try to force their values on others in the face
Vanessa Brown Calder Last week, all 49 Senate Republicans signed a letter stating their “strong” support for continued nationwide access to in vitro fertilization (IVF). Meanwhile, Senators Ted Cruz and Katie Britt put forward legislation to discourage states from restricting IVF, which Senate Democrats blocked. There are many
Thomas A. Berry Today the Supreme Court rightly held that the police cannot shield themselves from liability for a malicious prosecution merely by tacking on a far less serious charge. The Fourth Amendment guarantees that “no Warrants shall issue, but upon probable cause.” If an arrest warrant is
Those who push the "wage slave" narrative claim that workers are "forced by hunger" to work ceaselessly without an opportunity to bid up wages. History has shown this is not the case.