In his State of the Union Address, Trump announced his plan for dealing with high electricity costs associated with the increased demand from AI data centers:

Many Americans are also concerned that energy demand from AI data centers could unfairly drive up their electric utility bills. Tonight, I’m pleased to announce that I have negotiated the new Ratepayer Protection Pledge. You know what that is. We’re telling the major tech companies that they have the obligation to provide for their own power needs.

Help us keep alive Murray Rothbard’s legacy.

In honor of Rothbard and all that he did to revitalize Austrian economics and the cause of liberty, the Mises Institute is proud to launch the Year of Rothbard to celebrate his 100th birthday.

In his article “Nations by Consent,” Murray Rothbard reiterated his argument that individual liberty does not envisage atomistic human beings isolated from the societies in which they live:

61% of unaffiliated voters oppose. Once again, Republicans overwhelmingly support war, and endless federal spending to continue it.  

Contemporary academia’s equation of “science” with “measurement” represents a positivist assault on Ludwig von Mises’s praxeology, not due to his mathematical deficiency, but his superior ontological grasp.

[From Part IV, Chapter XV of The Natural Laws of Political Economy (Les lois naturelles de l’économie politique), first published in 1887.]

The national debt is approaching $40 trillion. The size of the national debt raises several pertinent questions. At what point will growth in the national debt cause a financial crisis and national bankruptcy? How can such a crisis be averted? Can we rely on politicians to act soon enough to avert this crisis?

Most commentators are of the view that what prevents the attainment of price stability is the deviation of the policy interest rate, such as the federal funds rate, from the neutral interest rate, also known as the natural interest rate. The neutral interest rate, it is held, is the one that is consistent with stable prices and a balanced economy. According to this view, what is required is for Fed policymakers to successfully direct the federal funds rate toward the neutral interest rate.

“Trump’s war on Iran has left Russia is in the catbird seat while trust regarding Washington’s role in the negotiations is at critical lows.”

A classified report from the Nat’l Intelligence Council has found that even a large-scale US assault on Iran is unlikely to produce regime change.