The Collapse of Real Savings Caused the Great Depression
Contrary to Milton Friedman’s thesis that the decline in the money supply caused the Great Depression, the real reason was…
The Oklahoma City Curse, Skyscraper Edition
06/22/2024•Mark Thornton Oklahoma City recently approved the construction of the Legends Tower at a record-setting height of 1,907 feet. Is…
The Unsustainable AI-Driven Lending Boom
The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the…