This article was originally published by George Ford Smith at The Mises Institute.  Artificial intelligence is rapidly becoming one of the most capital-intensive industries in history. Consider: Semiconductor fabrication plants cost tens of billions of dollars. Massive data centers consume extraordinary amounts of electricity, sending power bills soaring....

Breaking: NFIB OptimismJust out:The NFIB Small Business Optimism Index fell 0.5 points in February to 98.8 but remained slightly above the 52-year average of 98. The Uncertainty Index decreased three points from January to 88.The Employment Index ticked up nearly a point in February...