Economic value does not arise simply because information exists. AI models do not become valuable merely because vast quantities of data are available. Their value arises from the creative and highly uncertain process of transforming that information into useful technologies. Attempting to socialize those entrepreneurial returns mistakes the raw material of innovation for the innovation itself.

While wind and solar technologies will likely play some role in future generation portfolios, policymakers and market participants should resist efforts to force hyperscalers into narrowly prescribed energy strategies that may prove poorly suited for the unique reliability demands of AI infrastructure.

Mises central insight was that markets are governed not by bureaucrats, but by consumers. Producers succeed only by satisfying the preferences of the people they serve. In Human Action, Mises likened the consumer to the captain of a ship: 'The captain is the consumer. Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.' AI is no exception.

IWhile wind and solar technologies will likely play some role in future generation portfolios, policymakers and market participants should resist efforts to force hyperscalers into narrowly prescribed energy strategies that may prove poorly suited for the unique reliability demands of AI infrastructure.

In addition to being blatantly discriminatory, the legislation represents a flagrant disregard for the Trump administration’s trade priorities and creates a wide opening for China to deepen its foothold in Brazil.

In a market process, coordination emerges from many actors testing different plans, correcting errors, and responding to price signals, customer demand, and competitive pressure. What looks like coordination is actually the emergent result of decentralized adaptation. By contrast, a politically salient term sheet invites firms to cluster around what is legible to Washington.

In choosing Hikma v. Amarin, the Court has focused on a narrow question aligned with current concerns about drug pricing—while leaving unresolved deeper uncertainties in patent law that affect innovation across the entire economy.

Drawing on Austrian economics, CFJ argues that market prices—not foreign administrative ceilings—guide rational investment and innovation. Embedding government-set international price controls into Medicare would distort those signals and undermine U.S. pharmaceutical leadership

Drawing on Austrian economics, CFJ argues that markets depend on accurate profit-and-loss signals. When proxy advisors divert corporate governance toward non-economic goals, they obscure those signals and weaken the property-rights framework that sustains capitalism