Eps 658 - Empty Digital Mansions: The Impending Liquidation of the AI Boom

<p>The parallels to the Ghost Cities of China are eerily similar to the AI Data Center Boom in America. Ludvig von Mises&#39; key insight into this area is that REAL RESOURCES are redirected in a CENTRAL PLANNING manner, which steers resources away from consumer lines of consumption into long-term investment plans that are too big to finish given the demand that comes from consumers. This distortion in the structure of production leads to a MAJOR HEART ATTACK in the economy that results in liquidation and re-allocation of resources back toward consumer preferences.</p><p><em><strong>More Perfect Union Production - Data Centers</strong></em></p><p><a href="https://www.youtube.com/watch?v=wLX_w0TtBpY" target="_blank" rel="noopener noreferer">https://www.youtube.com/watch?v=wLX_w0TtBpY</a></p>