Notes in the Margin

AI data centers are key: Data centers are expected to consume anywhere from 6.7% to 12% of total U.S. electricity by 2028, up from 4.4% in 2023.

Apparently unaware of where price inflation comes from, Bessent says you can beat inflation by moving from a "blue state" to a "red state."

The data the Fed does have is presenting a picture of an uneven and wobbly economy. Job growth beat expectations last month but has cratered overall in 2025.

Huckabee lobbied for Pollard's release from prison, arguing that it's no big deal to spy for Israel which is supposedly "an ally." 

The investor who shot to fame for calling the housing crash before 2008, has launched a Substack aiming to lay out in detail his bearish thesis on artificial intelligence.

He was elected to pursue peace, but Trump's extra-judicial killings of unknown persons in the Caribbean are part of a new quasi-war against so-called "narco-terrorists."

"...Holocaust education has begun backfiring, because it has been giving young people the wrong impression that genocide is always bad." By Caitlin Johnstone.

Crenshaw and other Republicans were on an official visit to Mexico and Crenshaw was "having drinks with a group of Mexican officials."

"Data-dependent" Federal Reserve will be flying blind at its next FOMC mtg on Dec 10. It will be basing its decisions on September CPI data. 

Rothbard's biographer, and a great friend to peace and freedom. I still miss reading Justin's weekly column at antiwar.com.