Apparently unaware of where price inflation comes from, Bessent says you can beat inflation by moving from a “blue state” to a “red state.”

The data the Fed does have is presenting a picture of an uneven and wobbly economy. Job growth beat expectations last month but has cratered overall in 2025.

Huckabee lobbied for Pollard’s release from prison, arguing that it’s no big deal to spy for Israel which is supposedly “an ally.” 

The investor who shot to fame for calling the housing crash before 2008, has launched a Substack aiming to lay out in detail his bearish thesis on artificial intelligence.

He was elected to pursue peace, but Trump’s extra-judicial killings of unknown persons in the Caribbean are part of a new quasi-war against so-called “narco-terrorists.”

Many years ago, when I was practicing law in Texas, I learned that there were, generally speaking, two types of lawyers when it came to being asked for a legal opinion by a client who wished to pursue a certain course of action.

The first type of lawyer would carefully research the issue and give his honest, independent-minded opinion as to the legality of the proposed action, even if it wasn’t what the client wanted to hear. That type of lawyer had integrity and would not compromise his legal judgment, even if it angered — and risked the loss of — his client.

On October 1, the federal government shut down—halting non-essential services after the failure of Republicans and Democrats to pass an appropriations bill. Even after becoming the longest government shutdown in American history, the end was nowhere in sight. It may seem that both parties would want to avoid shutdowns, especially ones lasting that long, to accomplish at least some elements of their agendas rather than waste weeks of a legislative session.

Libertarians talk a lot about the need to weaken—and even to abolish—the state. And rightly so. But a necessary part of opposing the state is building up other institutions that can challenge state power and offer alternatives to the state. That is, if we are to meaningfully undermine the state, it is necessary to encourage, grow, and sustain robust non-state institutions such as churches, families, and private markets. These are the institutions of what the old classical liberals called “civil society.”

In the 1930’s, the National Bureau of Economic Research (NBER) introduced the economic indicators approach to clarify the essence of business cycles. A research team led by W.C. Mitchell and Arthur F. Burns studied about 487 pieces of economic data. The team had concluded that,

Many hold that a growing economy requires a growing money supply in order to provide support to economic growth. This gives the impression that money is the means of sustenance that sustains economic activity. However, money’s main function is to fulfill the role of a medium of exchange. Money itself does not sustain economic activity, rather production, saving, and capital investment.