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

The parallels to the Ghost Cities of China are eerily similar to the AI Data Center Boom in America. Ludvig von Mises' 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.More Perfect Union Production - Data Centershttps://www.youtube.com/watch?v=wLX_w0TtBpY